Sudrania reports 52 new clients in H1 2020 21 July 2020Chicago Reporter: Rebecca Delaney
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Sudrania Fund Services has added 52 new clients to its platform in the first half of 2020.
It was noted that 60 percent of the new clients were conversions from administrators using legacy software to their proprietary end-to-end cloud-based fund administration model for hedge, private equity, commodity trading advisor and crypto funds.
The new clients were reported to have made the switch owing to Sudrania’s SOC 1, 2 and 3 audits and certificates, as well as punctual net asset value (NAV) calculations and flexible scalability to capture and replicate historical data when converting from legacy software.
Nilesh Sudrania, founder and CEO of Sudrania, commented: “Knowing that fund managers want to move away from legacy software platforms validates our vision for a seamless, cloud-based fund administration model.”
“Being first to market in 2016, it is gratifying that over 200 clients value our end-to-end, asset-agnostic solution coupled with a high-touch service experience, which is delivered by a seasoned team with deep fund industry experience.”
Nitin Somani, president of Sudrania, added: “Our focus has consistently been on providing holistic infrastructure that can handle the high volume and complexity that today’s investment managers require and deep expertise to make our client onboarding a smooth process.”
“The team of over 200 professionals takes pride in the fact that there was no disruption of daily NAVs during the history of our four-year existence, especially in light of the circumstances we all weathered in the first half of 2020.”
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