NEW YORK--(EON: Enhanced Online News)--iLEVEL, the cloud-based software provider to the private capital market, today announced that Symphony Technology Group (STG) has selected the iLEVEL Private Capital Data Platform to streamline portfolio company data collection and gain actionable insights on investment performance. Since its inception in 2002, STG has raised $2.0 billion and has gained a reputation as a strategic private equity firm that leverages its operational expertise and commitment to innovation to transform midsize enterprise software and services companies with substantial growth potential.
“iLEVEL plays a central role in empowering fund managers to optimize portfolio performance, reduce the cost and complexity of regulatory compliance, more quickly run valuations, demonstrate value creation and meet today’s demands for investor reporting”
“At STG, our job is to guide our portfolio companies to be best-in-class performers by creating more value for their customers through innovation,” said Stephen Henkenmeier, Chief Financial Officer of Symphony Technology Group. “iLEVEL will enable us to efficiently track key performance indicators across our portfolio so that we can be stronger partners with portfolio company management teams and offer increased transparency to our investors.”
iLEVEL has experienced explosive growth since it spun out of Blackstone in 2010. The number of firms on iLEVEL has doubled in the past year and now includes 8 of the world’s 15 largest private equity firms, a significant number of middle-market fund managers as well as institutional investors. Clients of iLEVEL account for 1 in every 4 dollars raised by fund managers during the last ten years. In addition, the platform hosts 400 million data points for nearly 650 funds invested in over 4,000 portfolio companies.
“iLEVEL plays a central role in empowering fund managers to optimize portfolio performance, reduce the cost and complexity of regulatory compliance, more quickly run valuations, demonstrate value creation and meet today’s demands for investor reporting,” said Rick Kushel, CEO of iLEVEL Solutions. “We are excited that the distinguished Silicon Valley-based Symphony Technology Group has selected the iLEVEL platform and welcome the firm to our growing community.”
About Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and transforming great software and services companies. In addition to capital, STG provides operational expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG’s current portfolio consists of 14 global companies. For more information, please visit www.symphonytg.com.
iLEVEL offers a market-leading cloud-based Private Capital Data Platform that empowers fund managers and investors to control information and gain actionable insights by taking data collection, investment analysis and performance reporting to a whole new level. Investors in iLEVEL include Blackstone (NYSE:BX), The Carlyle Group (NASDAQ:CG), Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.