Servfund chooses Microgen 5Series fund administration software

Issued by Microgen
London, 14 Jul 2014

Microgen Financial Systems, developer and implementer of enterprise software for some of the world's largest organisations, announced today that ServFund has chosen Microgen 5Series for its fund administration business.

Founded in 2009, ServFund conducts fund administration services for some of the largest fund managers in the Egyptian market. Thanks to its focus on personalised, quality service, ServFund has won over the trust of a loyal client base in the fund industry and is growing its business rapidly. ServFund's leadership team in Egypt is made up of successful, internationally experienced bankers who are assisted by highly qualified account managers.

Fact sheet

Solution: Microgen 5Series

Industry: Financials

Provider: Microgen

User: ServFund

Microgen 5Series was selected to provide a quality, secure and reliable solution to support the business through its continued growth and to meet the long-term software needs of Egypt's largest fund administrator. Microgen Financial Systems, one of Microgen's two operating businesses, is a leading supplier of software to the global fund administration industry with over 30 years' experience and a customer base spanning 27 countries worldwide. Microgen 5Series utilises modern technology to deliver a tightly integrated and flexible fund administration software solution with efficient task and workflow management.

Gamal Moharam, Chairman of ServFund, comments: "We were looking for a modern fund administration solution that would underpin the high service levels that our clients have come to expect; Microgen 5Series is a functionally rich solution with the flexibility to meet future requirements. The Microgen 5Series Secure Web Portal also presents exciting opportunities to improve communication options for our clients. Importantly, Microgen, a UK public company, has the reputation, financial stability and proven success that we were looking for in a software vendor and partner."

Simon Baines, Managing Director of Microgen Financial Systems said: "We are extremely pleased to welcome ServFund as a Microgen 5Series customer. This is an exciting time for the Egyptian fund administration market and we look forward to a long and successful relationship with ServFund."

Microgen

Microgen Financial Systems is a leader in the delivery of software, solutions and consultancy to the financial services sector, with a particular focus on wealth and asset management. Microgen provides proven and robust operational and administration software products and solutions to an extensive customer base, from trust administrators through to major fund and asset management organisations. Microgen brings long-established domain expertise that helps organisations use technology to adapt to changing market conditions and increasingly stringent accounting and regulatory requirements.

Microgen Financial Systems is an operating business of Microgen plc (LSE:MCGN) which was founded in 1974 and has been listed on the London Stock Exchange (MCGN) since 1983. It is head-quartered in London with offices worldwide.

ServFund

Founded in 2009, Servfund conducts administration services for some of the largest funds on the Egyptian market. Thanks to its focus on personalised, quality service, Servfund has since won over the trust of a loyal client base in the fund industry which continues to grow.

Servfund's team includes some of the most successful and internationally experienced bankers and financiers in the field of fund administration and is assisted by highly qualified account managers.

Supported by state of the art software, Servfund uses reputable IT applications to handle day to day transactions. From daily reporting to portfolio accounting, ServFund guarantees confidentiality and transparency within a top of the line security structure.

The company's infrastructure offers multiple data exchange facility between its operations team and its customers. These methods ensure the full integrity and encryption of transmitted data.

At ServFund, the focus is to provide you with an excellent quality, secure and reliable service.

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