Enables secure, web/mobile access to investment reports via Varden's xPortal
BOSTON, Oct. 9, 2014 /PRNewswire/ — Varden Technologies, a leading Boston-based enterprise software development and consulting firm focused on the financial services industry, today announced a partnership with Ingenious Initiatives, developers of the Penny-It-Works® partnership and shareholder accounting software system. The partnership will empower secure web portal/mobile access by Penny clients to investment reports via Varden's xPortal.
Ingenious Initiatives' Penny – It Works flagship back-office accounting software offers specialized partnership and shareholder accounting solutions for the financial industry. Penny provides automated and instant access to detailed investor data with open architecture and proven features that easily integrate with portfolio accounting and customer relationship management systems, data warehouses and in-house proprietary solutions.
"Having the ability to offer our clients a secure portal/mobile web access option is important to us because clients' investors want the ability to review their financial information at their convenience," said Ron Kashden, Founder of Ingenious Initiatives. He went on to state that, "Partnering with Varden, experts in client reporting Portal technologies, was the best way for us to provide this capability."
"We continue to see leading financial technology and service providers realize that having web/mobile reporting solution as an option presents a significant advantage toward winning new business and retaining existing clients," said Michael Kendall, Product Manager at Varden. "Our Partnerships with firms like Ingenious Initiatives allows them to focus on their core offering of accounting, while leveraging Varden for providing an integrated, best-of-breed web portal solution for their clients. We look forward to the opportunity to share our capabilities with the Ingenious Initiatives client base at their annual user conference on October 28th at the Cornell Club in New York."
Varden's xPortal provides a highly configurable and secure web portal, enabling clients to have "anytime, anywhere" access to their information via browsers, tablets and smartphones. Combined with eReportal, Varden's client communications platform has more than 100 clients, including some of the largest institutional investment managers, fund administrators and leading financial technology providers.
About Varden Technologies
Varden Technologies is a leading Boston-based enterprise software development and consulting firm focused on the financial services industry. Founded in 1999, and staffed by experienced financial technology experts and buy-side practitioners, Varden's business is focused on three main areas:
- Financial Technology Consulting
- Client Reporting, Communications and Portal
- Partnerships
About Ingenious Initiatives
Ingenious Initiatives offers specialized partnership and shareholder accounting solutions for the financial industry. Their Penny® software is used to manage more than 640 funds with more than $450 billion in assets under management. Penny® is tailored to the specific needs of leading hedge funds, fund administrators, fund of funds, private equity firms, and management companies with assets under management ranging from $50 million to $60 billion. For more information, please visit: http://www.IngeniousInitiatives.com.
For more information, please contact:
Alex McSweeney
Marketing
p) 617.482.5902 x306
Email
w) www.vardentech.com