eFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce that International Financial Services Ltd., (IFS) of Mauritius has chosen FrontInvest to support and enhance its private equity fund administration operations. IFS is one of the largest fund administrators in the region with a focus on serving India and Africa.
Mauritius offers a number of market advantages that have contributed to the recent rapid growth in private equity fund administration services, including tax and investment protection treaties, fair regulations, as well as economic and political stability. These attributes have resulted in an environment highly conducive to business expansion. In order to accommodate this market expansion and the constantly increasing expectations from its clients, IFS selected eFront. The company wanted to partner with a worldwide recognized leader in this industry, as well as to benefit from the latest technologies.
"We want to provide our clients with the best services possible, so we needed a strong and flexible solution capable of supporting rapid high quality service delivery. The scalability of the solution, its potential evolution together with the market best practices and regulations were important criteria to us," explained Messrs Couldip Basanta Lala and Dev Joory, Founders of IFS. "We recognized eFront as a leader in the industry, with significant experience worldwide as well as in Mauritius, and quickly realized that FrontInvest met all our requirements."
"We are delighted to partner with IFS" commented Tarek Chouman, COO of eFront Asia & Middle East. "They are well-known and respected in the market, and we are proud that they chose our solutions to streamline and automate their fund administration operations. This new win not only expands our presence in Mauritius, it also confirms our increasing momentum in the fund administration sector worldwide."