, the purchase, N.Y.-based ASP, today announced that BancBoston Capital, the private equity investment arm of Boston-based FleetBoston Financial, has implemented a customized version of Interliant’s INIT DealMaker solution for its European operations.
Interliant’s professional services offering is a Domino-based application designed to coordinate BancBoston Capital’s London-based team responsible for the tracking, review, and decision-making process around investment opportunities.
Interliant says the INIT DealMaker solution provides BancBoston Capital with the ability to store up-to-date information about investment prospects, including details about its management team, its business, and key financials which creates a structured workflow process to help the firm’s interaction with outside entrepreneurs and investors.
“We chose Interliant’s INIT DealMaker solution based on the depth of its vertical functionality and strong track record within the investment community,” says Cathal Sheehy, Co-Head of European Technology & Communications, BancBoston Capital, Ltd, in London.
“We are leveraging this robust application to help manage our information and decision-making processes so our investment officers can stay focused on the end game – maximizing investor returns. This efficient application ensures that information is accurate and easily accessible in one office-wide repository,” she explains.
“The bottom line is that investment firms like BancBoston Capital need to focus on maximizing investor returns,” says Patty Jacobson, vice president of messaging and applications for Interliant.
“The INIT DealMaker solution provides BancBoston Capital with a solid, competitive advantage by enabling them to more efficiently track and manage their mission-critical dealflow process.”