Pacific Fund Services (PFS) had another record year for the growth of its client base last year.
The group exceeded growth targets for both license sales to existing clients and signed a record number of new clients.
PFS also introduced its cloud-based solution PFS-Cloud which provides clients with a fully optimised, vendor-hosted and fully-managed IT infrastructure supporting PFS’ software.
PFS’ European and Australian offices expanded considerably over the last three years to mirror the growth in their global client base.
PFS, is a privately-owned technology company that develops, distributes, supports and now hosts, a ‘one-stop-shop’ software solution for the automation of back office fund administration services to investment funds.
The group has grown steadily year-on-year since its launch in 1999 in Hong Kong and now offers new and existing clients stable and current software.
PFS’ core product is the PFS-PAXUS system—a product that supports wholesale fund administration and the administration of open and closed-ended traditional and alternative funds, including retail funds, hedge funds, and private equity investment vehicles.
Commenting on the groups 2018 performance Paul Kneen, group CEO, said: “I am obviously delighted with the current trajectory of the PFS group as we continue to win market share in a niche, albeit rapidly expanding area of financial services technology.”
He added: “PFS is well served by a skilled team of professionals who work tirelessly to ensure our clients are provided with the highest levels of service and support in the use of our software solutions. I would take this opportunity to thank our staff and indeed our clients around the world for our recent and continued success.”
“With ever increasing developments in automation required in response to ongoing market demand, we believe there is currently no better multi-functional market wide product that can compete head on with PFS-PAXUS. We take pride in ensuring we meet and exceed our clients exacting demands and will continue to pursue this aim throughout 2019.”
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