EFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce that Abax Corporate Services Ltd., a leading international provider of corporate management and advisory services in Mauritius, has chosen FrontInvest to support and enhance its private equity fund administration operations.
Mauritius offers a number of key market advantages, including tax and investment protection treaties, fair regulations, economic and political stability, as well as an environment promoting business expansion. These attributes have led to considerable growth in private equity fund administration services recently. In order to accommodate this expansion and the constantly increasing expectations from private equity companies, Abax has selected FrontInvest. The company wanted to partner with a recognized industry leader and benefit from the latest technologies.
"We wanted to provide our clients with the best services possible. So, we needed a very flexible solution capable of supporting high quality service delivery to our clients and that can evolve with the market," explained Amit Gupta, Chief Operating Officer at Abax. "We recognized eFront as a leader in the industry, and quickly realized that the FrontInvest software solution met all our requirements."
"We believe that FrontInvest will help us improve our processes and support us as we grow our fund administration service line," added Mrs. Nousrath Bhugeloo, Abax Chief Business Development Officer and Head of the Abax Fund Administration division.
"We are delighted to partner with Abax Corporate Services as our first client in Mauritius," commented Wissem Souissi, Sales Manager of eFront Asia & Middle East. "Abax is well-known and respected in the market, and we are proud that they chose FrontInvest to streamline and automate their fund administration operations. We are sensitive to the needs of the Mauritius market and look forward to providing our new customer with high-quality solutions."