updated 2/16/2011 3:16:44 PM ET 2011-02-16T20:16:44

NEW YORK, Feb. 16, 2011 (GLOBE NEWSWIRE) -- Navatar Group, a global cloud service provider, today announced Allegiance Capital Corporation, a premier private investment bank, has selected Navatar's M&A Cloud to manage their due diligence process & monitor deal progress.

Navatar's M&A provides out-of-the-box functionality and workflows essential for investment bankers and M&A professionals. Navatar's M&A runs entirely in salesforce.com's cloud and is available for a low monthly fee. Its flexible reporting engine can be easily used by non-technical staff to generate reports. A demo is available at:


Navatar Group also provides all implementation services, accounts/contacts migration, training, maintenance and support free of charge.

Navatar M&A enables firms to:

  • Track buy side and sell side clients and potential clients
  • Define criteria for target acquisitions / potential divestitures
  • Track due diligence for each company being evaluated
  • Track external advisors involved in each deal
  • Provide users ability to perform multiple reviews
  • Monitor evaluation / deal progress
  • Stay connected anywhere – BlackBerry, iPhone, PDA
  • Fully integrate with MS Outlook and MS Exchange

"Cloud Computing has arrived for M&A. Investment banks and M&A firms can now start using a pre-built solution for their CRM and operations for one small monthly fee - no capital expenditure, no implementation costs, free upgrades and zero maintenance costs," said Ketan Khandkar, Principal, Navatar Group.

Navatar M&A 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 M&A, and to learn about our special promotions, contact 212 461 2140 or sales@navatargroup.com.

About Navatar Group

Navatar Group ( http://www.navatargroup.com ) is a global cloud service provider and a top ISV partner and value-added reseller of salesforce.com. One of the first to bring Wall Street experience to Cloud Computing, Navatar Group is a leading provider of cloud solutions for the financial sector, with customers in more than 20 countries. We pioneered the concept of cloud products where customers don't pay anything for implementation or support services. Navatar's financial cloud solutions for Capital Markets, Asset Management & Banking are used by firms such as Jefferies & Co, Guggenheim Partners and MidOcean Partners. Navatar's consulting arm advises and helps ISVs migrate to the cloud. We are 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

CONTACT: Navatar Group Media Contact:
         Allan Siegert
         212 461 2140

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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