SOURCE: Vestmark, Inc.

October 16, 2007 17:09 ET

Vestmark Expands Operations With the Opening of Its Fourth Office Located in Jersey City, New Jersey

An Expanded Sales Staff, Growing Customer Base, and Continued Commitment to Unparalleled Customer Service and Support Have Driven Vestmark to Expand Its Operations With a Third East Coast Location

WAKEFIELD, MA--(Marketwire - October 16, 2007) - Vestmark, the leading innovator in the managed account solutions platform market, today announced the opening of its Jersey City, New Jersey office. This is Vestmark's third East Coast location and a confirmation of Vestmark's ability to scale their operations.

Vestmark continues to expertly manage their emerging foothold as a leader in the fast-growing managed accounts market by serving new customers with unique demands for their platform, expanded connectivity offering, and product functionality. This growth is the direct result of the product innovation, compliance support, automation, and operational efficiencies that the Vestmark Managed Accounts Platform (VMAP) provides to Vestmark customers and partners.

"Vestmark's rapidly expanding customer base and commitment to customer success requires us to grow our sales team with experienced industry professionals. We will continue to serve existing customers in our fourth location while we provide innovative solutions for new customers," says Ron Rawdon, Senior Vice President of Business Development. Mr. Rawdon joined Vestmark in April of 2007 with Lou D'Addario, Vice President of Business Development.

VMAP is a modern, web-based technology platform providing complete functionality and connectivity for investment managers, overlay managers, sponsors, and operations outsourcing service providers. VMAP was designed from inception to support the scalability, efficiency, and product flexibility requirements of the managed accounts industry.

In September 2007, Vestmark was named to Deloitte's prestigious Technology Fast 50 Program for New England, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Vestmark credits its vision, technology, and customer partnerships for the company's ranking as the fastest growing software company in New England from 2002 to 2006.

About Vestmark

Vestmark is a technology platform provider for investment managers, overlay managers, sponsors, and operations outsourcing service providers in the managed accounts industry. Vestmark's solution enables greater product innovation, compliance, and increased operational efficiency. The Vestmark Managed Accounts Platform (VMAP) is a modern, web-based technology platform providing complete functionality and connectivity for investment managers, overlay managers, sponsors, and operations outsourcing service providers. VMAP was designed from inception to support the scalability, efficiency, and product flexibility requirements of the managed accounts industry. Vestmark is headquartered in Wakefield, Massachusetts with offices in Oakland, California; Cambridge, Massachusetts; and Jersey City, New Jersey. For more information about Vestmark's managed account solutions, please call 781-224-3640, email info@vestmark.com, or visit www.vestmark.com.

Contact Information

  • Contact:
    Catherine Russell
    VP of Product Marketing
    +1 (781) 224-7893
    Email Contact