BEIJING, May 24, 2011 /PRNewswire/ --
eFront, the leading software provider of financial solutions, is pleased to announce the opening of its Beijing office. eFront continues to demonstrate its support of the rapidly growing alternative investments market in Asia by enlarging its presence in mainland China.
The new office, strategically located in the heart of Beijing's central business district, will focus on addressing the private equity, real estate and infrastructure investment sectors in mainland China. In particular, a Beijing-based team of eFront consultants will provide implementation services and local support to eFront customers in the region.
Today China is one of the most entrepreneurially-endowed regions in the world. China's economy is propelled by robust private equity activity, and economists and experts anticipate the country will prosper for the next several decades at least. This promises large market opportunities for FrontInvest, eFront's flagship software suite for the alternative assets' industry.
The new office expands eFront's international footprint and consolidates its global leadership in the field of software solutions in Asia. Mr. Tarek Chouman, Managing Director, eFront Asia will lead the new entity.
"China represents a very significant business opportunity for eFront, and we are investing in the presence that will demonstrate to our existing and new Chinese customers that we are serious about providing locally the first class solutions and services for which we are renowned worldwide," commented Tarek Chouman. "We know that China has a great amount of potential and we look forward to developing new relationships in this region."
In addition to Beijing, eFront has offices in Hong Kong, Dubai, New York, Montreal, London, Jersey, Paris and Bonn.
eFront is a leading software provider of solutions dedicated to the financial industry with a recognised expertise in alternative investments and risk management. eFront's solutions serve over 240 customers in more than 30 countries, including major companies in the private equity, real estate investment, banking and insurance sectors. Founded in 1999, eFront has offices in London, Paris (HQ), New York, Montreal, Dubai, Hong Kong, Beijing, Bonn and Jersey. eFront is a public company listed on NYSE Euronext.