iLEVEL, a cloud-based software provider to the private capital market, has opened a European data centre in the UK.
The iLEVEL Private Capital Data Platform is built to streamline data collection across a portfolio into a central repository, enabling fund managers and institutional investors to track investment performance with real-time, standardised reporting.
Year to date, iLEVEL has tripled the amount of clients that it services in the EMEA market.
iLEVEL’s London-based staff has doubled in 2014 and includes sales, implementation and client service capabilities.
“The iLEVEL platform has allowed us to streamline our portfolio analysis capabilities and track our portfolios more efficiently,” says Mats Eklund, chief financial officer of Triton. “Triton is a European based private equity fund that invests in European companies. It is imperative to us that our data stay in the Europe.”
“iLEVEL has made a strong commitment to the EMEA market and continues to invest in infrastructure and staff to support that commitment. This European Data centre shows how strongly iLEVEL prioritises client feedback and strives to address client concerns,” says Melissa Ferraz, vice president of EMEA sales for iLEVEL. “This has been a year of rapid growth for iLEVEL in EMEA and we are excited about the continued momentum. Three of the top seven European-based private equity firms track their portfolios on iLEVEL and we expect our client numbers to continue to grow.”
iLEVEL’s cloud is hosted and managed by Rackspace.
