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Follow on Google News | Black Mountain Systems Named a Hot Banking Tech Company to Watch in 2009 by Forrester ResearchBlack Mountain Systems is an independent financial software development firm that has developed innovative solutions for credit investment managers.
By: Andy Horwitz According to Ellen Carney, the author of the Forrester report, “Automating the trade order management of alternative investments like syndicated loans can reduce back-office costs and improve the operating efficiency of the bank or hedge fund, a key issue in these leaner times.” The Forrester report went on to highlight “the ability of Everest to digitize what had been a largely manual process in the past, reduces costs and errors.” While the team at Black Mountain is thrilled with the recognition that Forrester has awarded them, it complements something even more important: client satisfaction. Scott Page, Head of the Bank Loan Group at Eaton Vance and a current client added: “Everest has provided transparency and better visibility into our portfolios. It allows us to more easily slice portfolios to identify opportunities to enhance risk/return, as well as highlight value-added trading opportunities. It is fast and flexible.” “One of the important lessons of the recent excesses in our economy is that good credit selection matters. The Everest platform gives our partners access to critical information and documents imperative to smart decision making” said Wayne Elpus, COO of Black Mountain. “Everest provides credit analysts, portfolio managers and traders the ability to better understand what their risk concentrations are and the deal level data to allow them to quickly dig deep into each credit while making real time decisions” said Kevin MacDonald, CTO of Black Mountain. In the face of some of the worst credit markets anyone has ever experienced, Black Mountain has seen its client base grow by 120% and revenues increase over 350% in the last 12 months. The dramatic rise in growth mirrors the increased importance accounts are placing on credit analysis to improve portfolio management and create efficiencies in their trading operations. The Everest platform places a much needed and renewed focus on the importance of using state of the art systems to help understand and evaluate credits while making investment decisions across asset classes. Black Mountain System’s client base has become more diversified as the Everest product becomes increasingly more robust. The firm originally served large institutional investors who required a portfolio management tool and pre-trade compliance for CLO’s who needed quick and easy access to important credit level positions. More recently high yield, investment grade and other fixed income investors have come to rely on Black Mountain Systems for their creativity and innovation. The Everest system has been gaining acceptance with hedge funds, private equity groups, endowments and pension funds, as well as sell side broker dealers as clients. “Investors without systems in place to manage risk are at an increasing disadvantage to those who have Everest, both in terms of generating alpha and competing to raise new dollars from investors who value and expect these systems to be in place” said Andy Horwitz, Director of Business Development of Black Mountain. About Black Mountain Systems Black Mountain Systems is an independent financial software development firm that has developed innovative solutions for credit investment managers. Everest, Black Mountain Systems award winning proprietary front office software solution is tailored specifically to individual client needs. Everest delivers superior credit analysis tools, easy to use portfolio management, attribution and reporting, and a trade order management and pre-trade compliance system to institutional investors in syndicated high-yield loans, bonds and alternative investments. Clients consist of many of the world's preeminent hedge funds, private equity firms, investment managers and banking firms. Everest's services give analysts, traders and portfolio managers the tools necessary to quickly and efficiently navigate and analyze information critical to the investment process. More information about Black Mountain Systems can be found online at www.blackmountainsystems.com Contact: Andy Horwitz 11622 El Camino Real Suite 100 San Diego, CA 92130 347-291-1124 ahorwitz@blackmountainsystems.com http://www.blackmountainsystems.com End
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