eFront, the leading financial software and solutions provider for managing alternative investments, has announced strong year-end results for 2015, consolidating its leadership position on the market. It has also announced executive-level organizational changes designed to harmonize operational practices and strengthen client engagement at a global level. The company has achieved a remarkable revenue growth of more than 27 percent in 2015 with over 100 Million USD revenues.
eFront showed continued strong annual growth in 2015 with more than 70 new names added to a portfolio of over 850 clients. New business growth was particularly strong in Europe. Additionally, eFront opened offices in Seoul and Tokyo to support its growth in Asia. The company now counts 23 offices around the world.
“These results cement our position as the undisputed market leader in software solutions for the alternative investment community,” commented Olivier Dellenbach, eFront’s President, CEO and founder. “We’ve been able to achieve continued strong growth through constant innovation, setting high standards in the industry to best serve our clients and by developing our people. This is why we are investing in a new corporate leadership structure, which will support our growth and success in our market.”
Three new C-level positions have been created and will be occupied, for two of them, by eFront veteran executives who bring unique global perspectives and experience. Tarek Chouman has been appointed Chief Sales and Marketing Officer, Eric Bernstein has taken on the role of Chief Customer Success Officer and Thibaut de Laval joins the C-suite as Chief Strategy and Transformation Officer. These new leadership positions will focus on continual improvement, on the company’s ability to deliver superior customer experience across customer lifecycle stages, as well as on innovation by capturing unmet client needs in an evolving and challenging industry.
Tarek Chouman was previously Chief Operating Officer, EMEA & Asia, responsible for managing eFront operations in Europe, Middle-East, Africa and Asia. Tarek joined eFront in 2003 and has held positions of increasing responsibility which have given him exceptionally strong knowledge of the business needs and specific requirements of eFront’s LP and GP clients based on their geography, size and investment strategy.
Eric Bernstein was formerly Chief Operating Officer, Americas, and was responsible for coordinating all business operations across the United States and Canada, as well as Central and South Americas. Eric joined eFront in 2010 and brings a tremendous track record of solution selling and delivery in the financial industry to his new position.
Thibaut came to eFront after nine years at McKinsey & Company leaving as Associate Principal. He worked in the high tech and telecom sectors, led a software company’s reorganization and several due diligence assessments for private equity funds and aided in the deployment of McKinsey Solutions software.