Welcome to our new quarterly summary of all things daappa!
As all of us suffer from full inboxes and information overload, we have wrapped up our achievements including business growth, solution updates and our market insights in this summary.
Thanks for reading
Market Views
Data Fragmentation
Following on from the topic discussed during our talking table session at the Clear Path Analysis Private Markets conference, we invite you to learn more about our insights related to the market's decision on investing in Best of Breed versus an End to End solution.
Read more about this in our article titled 'End to End Technology Creating Persistent Competitive Advantages For Private Market
Survey: The Impact of Technology on Private Market Operations
We are running an industry surveying on how technology is currently impacting the private asset space and we want to hear from you and how technology has impacted your business.
The preliminary findings were used to complement our talking table sessions at the Clear Path Analysis Private Markets conference in March 2022, but we want as many of our industry peers' input on this as we will later produce an Insights Report and circulate it later this month.
Corporate News
New Name, New Era
We kicked off 2022 with a fresh new look, name and solutions. If you missed the announcement, find out more in the Press Release
WHY DID WE DO THIS?
Over the last few years, we have evolved our core platform and added new modules to meet and exceed market needs. We wanted to reflect this evolution throughout our business and that included a new name and a refreshed look.
WHO IS OUR SOLUTION FOR?
We continue to service our existing client base and all those who participate in the private asset market, including administrators, family offices, pension funds, GPs, AIFMs, development banks and many more.
NEXT STEPS?
Having re-engaged with our clients and industry peers over the last year, we are expanding our client base globally and continue to future proof our solutions in this ever-evolving market.
Welcoming New Partnerships
2021 saw the launch of new products and the finalisation of the new management team that culminated in a rebranding of the company to daappa (the data, accounting, and administration platform for private assets) to reflect the rebirth of the company that was formerly known as Framework Private Equity Investment Data Management since being acquired in 2016.
We continued our global expansion of the team with 5 new hires taking us to 55 (up from 12 in 2016) staff across all disciplines, which has significantly strengthened the company’s ability to respond to the growing market demands. A further 3 individuals have been hired across our Professional Services and Web UI teams in Q1.
Nicolas Montagne, Managing Director of Fidupar, said:
“We chose to partner with daappa not only because of the impressive capabilities their solutions presented during the proof of concept but also the dedication of the team even before we signed. This only showed how committed daappa is in delivering our business needs and becoming a valued business partner of ours.”
These initiatives have been well received by both prospects and clients, as evidenced by the successful onboarding of two new clients during 2021 and several existing client agreements being expanded. We also have a very active sales pipeline resulting in two new clients signed up in Q1 and expect to sign many more throughout the remainder of 2022.
Solution Updates
The Studio and Studio+ product extensions to the Core daappa platform include Look Through and Compliance which allows users to visualise their complex fund structures and validate their ownership structures and investment exposures against their own defined rule sets. This has proved invaluable for our clients responding to the expanded regulatory and sanction regime. The other Studio product extensions include DataHub, which enables firms to create a single golden source of truth of their data, consuming data from external sources alongside their specific investment records and internal proprietary data; Analytics that provides a real-time view of both operational and investment data; and Portal that allows for real-time collaboration and reporting including using e-signature workflow between internal and external stakeholders.
Additionally, the daappa Managed Services (dMS) was extended, enhancing our managed cloud hosting offering to include monitoring the health of data imports and exports, thereby allowing firms to further reduce their total cost of ownership and operational risk by using daappa.
About daappa
daappa, founded in 2000, is a specialist provider of middle and back-office technology for private markets. Since being acquired by BRD Investments in 2017, daappa is committed to advancing open, flexible digital solutions for asset owners, managers and administrators and the evolution of private asset funds. A significant number of platform and product enhancements have been undertaken, many specifically to address the current and future requirements of leading sophisticated private asset administrators.
