BlackRock to Acquire eFront – Industry Leading Alternatives Investment Software Provider
New York, Paris – March 22, 2019 – BlackRock today announced that it has made a binding offer and entered into …
Luxembourg | March 07, 2019 – eFront, the leading provider of alternative investment management software, today announces that it has experienced record growth in Luxembourg over the past year, with multiple new client wins, and further adoption by existing clients in the country. This comes after eFront opened a new, larger office in 2018 located in the heart of Luxembourg City and doubled its local resources with new joiners and a reinforced management team.
Recent client acquisitions include Banque de Luxembourg, one of the longest established banks in Luxembourg, which has implemented eFront Invest. The solution will help the bank to centralize all information into one system and serve as “the backbone” for its alternative investments.
In addition, multiple existing clients have accelerated their adoption of the eFront solution suite. For instance, Quilvest, a public financial holding company engaged in the wealth management and private equity business has upgraded to the latest version of eFront Invest and eFront Investment Café and unlocked new cutting-edge features as a result.
Alexis Calmon, Head of Services Central Europe at eFront said, “The fact that eFront’s client base now includes 9 out of 10 of Luxembourg’s largest asset servicers is indicative of our long-lasting dedication to the Luxembourg market. Luxembourg has been hugely successful at attracting leading asset and fund service providers in the private equity and real estate sectors. As they, in turn, attract more international clients, they require ‘state of the art’ services and technology to support this rapid expansion. eFront is here, on-the-ground, to serve and support them.”