Contact Information: Contact: Catherine Russell VP of Product Marketing +1 (781) 224-7893
Vestmark Expands Operations With the Opening of Its Fourth Office Located in Jersey City, New Jersey
An Expanded Sales Staff, Growing Customer Base, and Continued Commitment to Unparalleled Customer Service and Support Have Driven Vestmark to Expand Its Operations With a Third East Coast Location
| Source: Vestmark, Inc.
WAKEFIELD, MA--(Marketwire - October 16, 2007) - Vestmark, the leading innovator in the
managed account solutions platform market, today announced the opening of
its Jersey City, New Jersey office. This is Vestmark's third East Coast
location and a confirmation of Vestmark's ability to scale their
operations.
Vestmark continues to expertly manage their emerging foothold as a leader
in the fast-growing managed accounts market by serving new customers with
unique demands for their platform, expanded connectivity offering, and
product functionality. This growth is the direct result of the product
innovation, compliance support, automation, and operational efficiencies
that the Vestmark Managed Accounts Platform (VMAP) provides to Vestmark
customers and partners.
"Vestmark's rapidly expanding customer base and commitment to customer
success requires us to grow our sales team with experienced industry
professionals. We will continue to serve existing customers in our fourth
location while we provide innovative solutions for new customers," says Ron
Rawdon, Senior Vice President of Business Development. Mr. Rawdon joined
Vestmark in April of 2007 with Lou D'Addario, Vice President of Business
Development.
VMAP is a modern, web-based technology platform providing complete
functionality and connectivity for investment managers, overlay managers,
sponsors, and operations outsourcing service providers. VMAP was designed
from inception to support the scalability, efficiency, and product
flexibility requirements of the managed accounts industry.
In September 2007, Vestmark was named to Deloitte's prestigious Technology
Fast 50 Program for New England, a ranking of the 50 fastest growing
technology, media, telecommunications, and life sciences companies in the
area by Deloitte & Touche USA LLP, one of the nation's leading professional
services organizations. Vestmark credits its vision, technology, and
customer partnerships for the company's ranking as the fastest growing
software company in New England from 2002 to 2006.
About Vestmark
Vestmark is a technology platform provider for investment managers, overlay
managers, sponsors, and operations outsourcing service providers in the
managed accounts industry. Vestmark's solution enables greater product
innovation, compliance, and increased operational efficiency. The Vestmark
Managed Accounts Platform (VMAP) is a modern, web-based technology platform
providing complete functionality and connectivity for investment managers,
overlay managers, sponsors, and operations outsourcing service providers.
VMAP was designed from inception to support the scalability, efficiency,
and product flexibility requirements of the managed accounts industry.
Vestmark is headquartered in Wakefield, Massachusetts with offices in
Oakland, California; Cambridge, Massachusetts; and Jersey City, New Jersey.
For more information about Vestmark's managed account solutions, please
call 781-224-3640, email info@vestmark.com, or visit www.vestmark.com.