SOURCE: 3i Infotech

3i Infotech

April 21, 2011 15:15 ET

Media Development Loan Fund Selects Framework

New York Fund Keen to Take Advantage of Robust Loan Administration Capability

NEW YORK, NY and LONDON--(Marketwire - Apr 21, 2011) - 3i Infotech-Framework is pleased to announce that the New York-headquartered Media Development Loan Fund (MDLF) has selected Framework to support the administration of its global loan portfolio and investors. Framework is a fully integrated, end-to-end software solution for the private equity industry.

MDLF is a mission-driven investment fund that provides low-cost capital -- loans and equity investments -- and technical know-how to independent news outlets in countries without a free press. Working in Africa, Asia, Latin America, Southeast Europe and the CIS, MDLF helps journalists in challenging environments build sustainable businesses around professional, responsible, quality journalism.

Prior to selecting Framework, MDLF conducted a thorough analysis of private equity software products before deciding on the Framework solution. MDLF plans to implement the full range of functionality within Framework from loan administration and financial reporting, investment monitoring and performance analysis to deal flow tracking.

Among MDLF's reasons for selecting Framework is its robust loan administration capability which will enable MDLF to significantly improve its operational efficiency. By combining a number of separate management systems into one unified system, with improved functionalities as well, Framework will provide a more robust platform for managing the continued growth of MDLF's portfolio and expansion of its operations.

Harlan Mandel, MDLF Chief Executive Officer, said, "We selected Framework because of its excellent fit to our unique business needs. In particular, Framework's robust loan administration capability and powerful reporting functionality will enable us to streamline our administration processes and provide greater transparency across the business. In the end, we anticipate that Framework will empower us to significantly improve service levels to investors."

Sanjay Tolani, Head of North American Operations for 3i Infotech - Framework, commented, "We are delighted that MDLF has chosen Framework to support their internal operations. 3i Infotech-Framework is committed to providing a superior level of personalized service to our clients in North America from our New York office. We are confident that the powerful functionality within Framework along with the collaborative approach of our experienced team will provide MDLF with the means to achieve their goals."

Framework is a complete, end-to-end, alternative assets software solution that helps manage risk, enables transparency and increases operational efficiency for all types of organisation across the entire private equity market.

The solution is used by organisations in Europe, North America and the Middle East that collectively manage over US$200 billion of alternative assets. These firms include private equity and venture capital groups, real estate investors, administrators, fund of funds, development funds and corporate funds.

About Framework

From the UK's leader in private equity management software, Framework is a complete, end-to-end, alternative assets software solution which helps manage risk, enables transparency and increases operational efficiency for all types of organisation across the entire private equity market.

Framework is used by organisations in Europe, North America and the Middle East which collectively manage over US$200 billion of alternative assets. These firms include private equity and venture capital groups, real estate investors, administrators, fund of funds, development funds and corporate funds.

www.3i-infotech.com/Framework

About 3i Infotech

3i Infotech (www.3i-infotech.com) is one of India's leading IT companies and among the top 3 Indian Software Products Companies.* The Company provides software products, IT services and BPO services (Managed IT Services, Application Software Development & Maintenance, Payment Services, Business Intelligence, Document Imaging & Digitization, Operations Outsourcing and IT Consulting) for the Insurance, Banking, Capital Markets, Mutual Funds, Wealth Management and Government verticals. The Company services customers in over 50 countries across 5 continents.

The Company's quality certifications include SEI CMMi Level 5 for Software business, ISO 9001:2000 for BPO, ISO/IEC 27001:2005 for Data Center Operations and ISO/IEC 20000-1:2005 for Data Centre Management Services.

* Source: Dataquest 2009

www.3i-infotech.com

Disclaimer:

Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will," "would," "expect," "believe," and similar expressions or variations of such expressions may constitute "forward-looking statements." These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

Contact Information

  • For further information please contact:
    Roland Godfrey-Davies or Adam Barber
    Chalk (UK)
    00 44 (0)20 7440 9830

    Robin Bectel
    New Venture Communications (US)
    571-312-1448