FOR IMMEDIATE RELEASE
EVP, Sales & Business Development
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New York, NY 10154
(646) 746-1100 – Phone
Audax Group Selects iLevel Platform to Facilitate Investor Transparency
Portfolio Management and Monitoring Software Streamlines Valuation, Analysis, and Reporting
NEW YORK, New York (June 5, 2012) — iLevel Solutions, a leading provider of private equity software and reporting solutions, announced today that Audax Group has begun implementation of its portfolio management platform. Using iLevel, Audax can facilitate secure, transparent sharing of critical portfolio company and fund level data among internal teams and investors.
“In our business, the importance of transparent LP communications cannot be overstated,” said Erik Dubovik, VP of Information Technology at Audax Group. “The demand for more detailed, frequent communication with investors is obvious. How to deliver on this wasn’t. One of the most appealing aspects of the iLevel platform is its robust Excel integration. This means that we can update models and populate reports like we always have, only now we can do it faster and more efficiently.”
“We believe that it’s a competitive advantage for us to streamline our reporting and valuation processes with iLevel,” continued Dubovik. “Using iLevel’s Excel Add-In, we can enable our existing Excel models, update analyses, and populate LP reports in a fraction of the time it would take to do manually. Removing some of the administrative burden allows us to focus on our core business – making investments and driving operational improvements.”
iLevel Solutions enables private equity firms to automate portfolio company data collection, fast-track internal valuation and reporting workflows, and quickly analyze performance for individual companies or entire funds. The Excel Add-in gives users the ability to instantly populate spreadsheets, reports, and financial models with the most accurate, current financial performance data and management commentary available.
“iLevel is excited about its partnership with Audax Group,” said Rick Kushel, CEO of iLevel Solutions. “Audax had a truly innovative vision for providing its investors, managers, and deal teams with secure access to the firm’s sensitive information from any device, anywhere. This partnership validates our mission to provide a unique market solution geared to helping financial services professionals make better investment decisions and drive productivity.”
Audax Group joins iLevel’s existing client base, including firms such as The Blackstone Group (NYSE: BX), Fortress Investment Group and Sterling Partners. iLevel’s platform is currently used to manage $500BN in AUM and over 1,200 portfolio companies.
About Audax Group
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has raised in excess of $5.0 billion of equity, mezzanine debt, and senior loan capital. Audax Group employs over 70 investment professionals in Boston and New York. For more information visit the Audax Group website www.audaxgroup.com.
About iLevel Solutions
iLevel Solutions’ Portfolio Management Platform is an innovative, highly secure Software-as-a-Service technology solution that automates the collection, storage, collaboration, analysis, and reporting of portfolio data. iLevel provides a seamless platform that integrates all information for GPs and LPs to monitor investments, prepare and report valuations, and exchange information. This comprehensive, end-to-end platform serves as the backbone to completely integrate reporting, analytical tools, and dynamic information sharing, and includes components for Private Equity, Real Estate, Debt, and LP Reporting. Investors in iLevel Solutions include Blackstone (NYSE: BX), The Carlyle Group, Swift River Investments, and Egis Capital Partners. For more information, please visit www.ilevelsolutions.com.