New York fund keen to take advantage of robust loan administration capability
London, New York - April 20, 2011 - 3i Infotech-Framework is pleased to announce that the New York-headquartered Media Development Loan Fund (MDLF) has selected Framework to support the administration of its global loan portfolio and investors. Framework is a fully integrated, end-to-end software solution for the private equity industry.
MDLF is a mission-driven investment fund that provides low-cost capital – loans and equity investments – and technical know-how to independent news outlets in countries without a free press. Working in Africa, Asia, Latin America, Southeast Europe and the CIS, MDLF helps journalists in challenging environments build sustainable businesses around professional, responsible, quality journalism.
Prior to selecting Framework, MDLF conducted a thorough analysis of private equity software products before deciding on the Framework solution. MDLF plans to implement the full range of functionality within Framework from loan administration and financial reporting, investment monitoring and performance analysis to deal flow tracking.
Among MDLF’s reasons for selecting Framework is its robust loan administration capability which will enable MDLF to significantly improve its operational efficiency. By combining a number of separate management systems into one unified system, with improved functionalities as well, Framework will provide a more robust platform for managing the continued growth of MDLF’s portfolio and expansion of its operations.
Harlan Mandel, MDLF Chief Executive Officer, said, “We selected Framework because of its excellent fit to our unique business needs. In particular, Framework’s robust loan administration capability and powerful reporting functionality will enable us to streamline our administration processes and provide greater transparency across the business. In the end, we anticipate that Framework will empower us to significantly improve service levels to investors.”
Sanjay Tolani, Head of North American Operations for 3i Infotech - Framework, commented, “We are delighted that MDLF has chosen Framework to support their internal operations. 3i Infotech-Framework is committed to providing a superior level of personalized service to our clients in North America from our New York office. We are confident that the powerful functionality within Framework along with the collaborative approach of our experienced team will provide MDLF with the means to achieve their goals.”
Framework is a complete, end-to-end, alternative assets software solution that helps manage risk, enables transparency and increases operational efficiency for all types of organisation across the entire private equity market.
The solution is used by organisations in Europe, North America and the Middle East that collectively manage over US$200 billion of alternative assets. These firms include private equity and venture capital groups, real estate investors, administrators, fund of funds, development funds and corporate funds.
About Framework
From the UK’s leader in private equity management software, Framework is a complete, end-to-end, alternative assets software solution which helps manage risk, enables transparency and increases operational efficiency for all types of organisation across the entire private equity market.
Framework is used by organisations in Europe, North America and the Middle East which collectively manage over US$200 billion of alternative assets. These firms include private equity and venture capital groups, real estate investors, administrators, fund of funds, development funds and corporate funds.
www.3i-infotech.com/Framework
About 3i Infotech Limited
3i Infotech (www.3i-infotech.com) provides software products and IT services for the Banking, Financial Services & Insurance (BFSI); Manufacturing, Retail & Distribution; and Government verticals. The Company's quality certifications include ISO 9001:2008 for BPO, ISO/IEC 27001:2005 for Data Center Operations and ISO/IEC 20000-1:2005 for Data Center Management Services. The Company has embarked on re-appraisal under SEI CMMI ML 5 for some of its software development Centers in India.
By using its domain knowledge and through continuous investment in technologies,
3i Infotech enables corporations transform their businesses through its expertise in enterprise-class software solutions, software services including Testing Services, information security consulting, system integration services, IT infrastructure and Disaster Recovery solutions.
* Source: Dataquest, August 2009
For more information, please contact:
Nicola Harley
Head of Marketing
3i Infotech (Western Europe)
Switchboard: +44 (0) 20 7071 3000
Phone: +44 (0) 20 7071 3012
Fax: +44 (0) 20 7071 3001
Email: Nicola.Harley@3i-infotech.eu
Disclaimer:
Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", "expect", "believe", and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.