updated 10/20/2010 8:45:45 AM ET 2010-10-20T12:45:45

NEW YORK, Oct. 20, 2010 (GLOBE NEWSWIRE) -- Navatar Group, a global cloud service provider, today announced that Denver based Alps Fund Services, a leading provider of asset servicing to the investment management industry, is using Navatar's Mutual Fund Cloud.

"We found Navatar's Mutual Fund Cloud for Salesforce to be the most complete out-of-the-box product for our industry," said Jeff Brainard, Regional Sales Manager, ALPS Portfolio Solutions and Select Sector SPDRs.

ALPS Fund Services ( www.alpsinc.com ), provides a full suite of services for open-end, closed-end, exchange traded and alternative investment funds. Combined with ALPS Distributors, Inc., ALPS Fund Services services over $240 Billion in client assets

Navatar's Mutual Fund solution combines CRM and sophisticated sales reporting with transaction data from transfer agents and brokers, and delivers it through the Cloud. Mutual Fund wholesalers can manage their wholesale and retail channels, broker/dealer relationships and much more by drilling down on detailed data to the territory/rep level.

Navatar's Mutual Fund solution runs entirely in salesforce.com's cloud and is available for a low monthly fee. Moreover, Navatar Group also provides all implementation services, accounts/contacts migration, training, maintenance and email support free of charge.

Navatar Mutual Fund Cloud solution enables firms to:

  • Manage relationships with broker / dealer, banks and financial advisors
  • Manage Wholesale and Retail channels
  • Aggregate sales data from multiple offices to the broker/dealer
  • Track broker rep performance based on transactions
  • Integration with standard industry data feeds
  • Real-time reports and dashboards enabling better decisions
  • Instant global deployment for offline and online use
  • Award-winning ease of use results in widespread adoption

"Mutual Funds wholesalers do not have to deal with expensive on premise software, tedious data integration and multiple vendors anymore," said Alok Misra, Principal, Navatar Group. "Cloud Computing enables us to provide all of this to Mutual Funds for one small monthly fee - no capital expenditure, no implementation costs, free upgrades and zero maintenance costs,"

Navatar Mutual Fund Cloud runs on most editions of salesforce.com's service. There is no other software, hardware, subscription or services needed. All code as well as client data is encrypted and stored on salesforce.com servers.

Live Demo

For a live demo of Navatar Mutual Fund Cloud, contact 212 461 2140 or sales@navatargroup.com. To view a recorded demo, visit:


About Navatar Group

Navatar Group ( http://www.navatargroup.com ) is a longtime partner and value-added reseller of salesforce.com and a global cloud service provider. One of the first to bring Wall Street experience to Cloud Computing, Navatar Group is a leading provider of Force.com solutions for the financial sector. Navatar's financial cloud solutions for Capital Markets, Asset Management & Banking are used by firms such as Jefferies & Co, Carlyle Group, Transparent Value (a Guggenheim Partners company) and MidOcean Partners. Founded by veterans of Deloitte Consulting, Navatar Group has also enabled several large companies develop, market and support commercial cloud products. Navatar Group is headquartered on Wall Street, New York with offices in Washington DC and New Delhi, India.

The Navatar Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6585

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