SOURCE: Vestmark, Inc.

February 26, 2007 08:00 ET

Vestmark Expands Operations With the Opening of Its West Coast Office in California

Customer Growth, Increased Interest in Vestmark's Solutions, and Vestmark's Continuing Commitment to Superior Service and Support Have Led Vestmark to Expand Its Operations With a Local Presence on the West Coast

WAKEFIELD, MA -- (MARKET WIRE) -- February 26, 2007 -- Vestmark, the leading innovator in the managed account solutions platform market, today announced the opening of its west coast office in California. The new office in Oakland, California in the Bay Area is a result of Vestmark's commitment to delivering superior service and support to its growing customer base.

Vestmark has increased momentum in the fast-growing managed accounts market, highlighted by strong customer growth, an expanded connectivity offering, and increased functionality. This growth has been driven by the product innovation, compliance support and operational efficiencies that the Vestmark Managed Accounts Platform (VMAP) provides to Vestmark customers and partners.

"Vestmark has a very healthy pipeline of implementations and conversions for VMAP. Our growing customer base in the western United States, particularly California, can now be serviced locally," says John Lunny, Chief Operating Officer of Vestmark. "Our California office is staffed with Relationship Management and Customer Engineering functions and will primarily provide service and support functions to our customers."

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. Operations outsourcing service providers using the Vestmark platform are able to offer a higher degree of service and operational efficiency to investment managers, overlay managers, and sponsors.

Vestmark was awarded Best Places to Work by the Boston Business Journal in June 2006. The honor recognizes the company's achievements in creating a positive work environment and culture that drives highly engaged employees and outstanding business results while giving employees the ability to achieve a work-life balance.

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 metropolitan Boston, Massachusetts with offices in Oakland, California. 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:
    Murtuza Vasowalla
    VP of Product Marketing
    +1 (781) 224-7893