Paris, New-York, Singapore | January 31, 2018 – eFront, the leading technology provider to alternative investment professionals, reveals today some highlights of the year 2017.
2017 was a remarkable year for new bookings. eFront exceeded historical levels of bookings, adding 99 new clients worldwide, including a variety of Limited and General Partners, Fund of Funds, and Asset Servicers. Bookings in North America reached an all-time high growth rate of 37%, establishing it as eFront’s largest market globally.
124 implementation and evolution projects were completed in 2017, resulting in a record high user base. In particular, over 50 implementations of eFront Investment Café, eFront’s breakthrough investor portal officially released in 2017, were completed. Meanwhile, eFront continued to embed more pre-packaged best practices into its solutions and to industrialize implementation processes. As a result, time to value for newly deployed clients was shortened by 15%.
As in previous years, eFront invested a large amount of revenues into Research and Development (R&D), allowing for the continuous enhancement of existing solutions and the promotion of innovations targeting alternative investment challenges, especially in the data and analytics domain. eFront increased its R&D investments in data and analytics by six times over in 2017. These investments will materialize into product innovations in 2018.
Over 50% of eFront’s clients took part in the company’s 2017 Customer Satisfaction survey, revealing substantial increases in satisfaction across every tested dimension. 95% of clients reported benefits from eFront solutions, of whom 88% reported significant to game changing results.
With 178 new hires, 2017 was also a huge year of internal growth for eFront.
As a result, eFront has entered 2018 on solid ground, looking to deliver even more remarkable achievements in the coming year.
Click HERE for the eFront 2017 Highlights Infographic.