SOURCE: Burgiss Group

February 26, 2007 08:00 ET

The Burgiss Group Launches Product for Due Diligence and Deal Pipeline Management

Private i FrontOffice Brings Online Collaborative Dealroom Approach to Investors

HOBOKEN, NJ -- (MARKET WIRE) -- February 26, 2007 -- The Burgiss Group, one of the leading software and web services providers to the private equity industry, has launched the newest addition to the Private i suite of products, Private i FrontOffice. Private i FrontOffice is a hosted, browser-based application to manage offerings and due diligence in collaborative, virtual deal rooms.

"Built on an enterprise-class document management platform, Private i FrontOffice marries the power of document management to due diligence and deal management," said Jim Kocis, President of the Burgiss Group. "Its secure, team-based approach allows both internal and external partners to collaborate on a deal-by-deal basis."

Travis Angevine of Rensselaer Polytechnic Institute (RPI) was an early adopter of Private i FrontOffice. "Our investment team has been using Private i FrontOffice since summer 2006, and we find it to be the capstone of the Private i family. Its collaborative nature allows us to be up to speed on any deal and our entire pipeline from anywhere in the world at any time." Angevine, who is the Managing Director of Investments for RPI, also reinforces the need for making the due diligence process more efficient, "I like to say that the private equity world is 'informationally inefficient,' with data coming in all formats from a myriad of sources. Private i FrontOffice is a complete and comprehensive toolset for managing the due diligence process."

Private i FrontOffice represents the fifth product in the company's Private i line. The solution is 100% web-based and requires no installation. Built specifically for the private equity community, Private i FrontOffice can assist deal teams in significantly reducing their deal cycle time and managing historical due diligence of past offerings by centralizing deal specific communications, organizing and storing documents, and automating business processes.

According to Collins Roth & Jim Seymour at EMP Global, "Private i FrontOffice is designed specifically with private equity in mind and with a good understanding of what investors need. It is also designed with a capability that allows us to make changes to the format to suit our own particular approach to due diligence."

Private i FrontOffice was released in beta in 2006 and officially launched to the public on February 12, 2007.

For more product details on Private i FrontOffice please visit http://www.burgiss.com/frontoffice.html. For sales inquires and product demonstrations, please contact Bob Jemison at 315.673.9130 or inquiry@burgiss.com.

About the Burgiss Group

The Burgiss Group currently licenses its Private i® Platform, a suite of products for tracking, measuring, and evaluating performance of private equity investments. For more information on Private i FrontOffice or to inquire about the company's entire suite of private equity solutions, please contact Bob Jemison at 315.673.9130 or inquiry@burgiss.com.

The Burgiss Group, LLC is a privately held technology and financial services company headquartered in Hoboken, New Jersey. The firm specializes in software-based solutions for investors in private equity and other alternative assets. Our 205 clients are some of the world's largest investors in alternative assets and include pension funds, endowments, foundations, fund of funds, gatekeepers, consultants and family offices. Although our clients are predominantly in the United States, we have clients in Canada, England, Scotland, Sweden, Finland, Switzerland, Saudi Arabia, Bermuda, the Cayman Islands, Australia, Hong Kong, Italy, Japan, and Singapore. For more information, please visit http://www.burgiss.com.

Contact Information

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