Gravitas Joined By Apogee Executives Following Successful Chicago Joint Venture
NEW YORK, April 2, 2013 /PRNewswire/ -- Gravitas, a co-sourcing platform providing cloud technology, collaborative outsourcing and risk support to the alternative investment industry, today announced that the management team of Chicago-based Apogee Strategies LLC has joined Gravitas, following a highly successful joint venture launched in 2011.
Under the agreement, Apogee Manager and Chief Executive Christopher Burnett; CTO Kevin Holl; and Director of Marketing Derek Huyser; and other executives, will formally join the Gravitas team. Gravitas and Apogee entered into a joint venture in September of 2011 to provide investment management firms in Chicago and the Midwest region with a full suite of services, including a local network operating center, advanced technical and development solutions in IT, systems and software, and onsite support.
"The powerful blend of Gravitas's domain expertise in the alternative asset management industry combined with Apogee's superior team of professionals and deep experience in the Chicago area has been very successful over the last 15 months," said Mark Seaman, Senior Managing Director, Business Consulting Services. "We are delighted to arrive at this juncture and we are excited to integrate this partnership into Gravitas."
"Today's announcement resoundingly validates our collective value proposition for the industry and is the logical consummation of a long-standing relationship as partners," said Christopher Burnett, Apogee's CEO who is now a Director at Gravitas. "We are proud to be taking this important step as we continue to bring Gravitas's full offering, including cloud, co-sourcing and risk support services to the alternatives community in Chicago and the Midwest region."
"The brokerage business is at an inflection point, requiring innovative solutions that embrace unprecedented operational and technological capabilities," said Paul Geiger, Chief Information Officer of Thales Trading Solutions, which has been working with Gravitas Chicago since 2012. "The integration of these outstanding professionals with Gravitas is great news for Thales, and we're excited to be working with this exceptional team under the Gravitas banner."
HFMWeek named Gravitas as the 'Best Overall Technology Firm' in its US Hedge Fund Services Awards in 2012.
Gravitas is a leading co-sourcingTM platform providing cloud technology and collaborative outsourcing for investment support and middle office services to the alternative investment industry. Founded in 1996, the company provides hedge funds, private equity funds and other alternative asset managers with unique and flexible co-sourced offerings for systems integration, technical support, risk analytics, software development, investment operations, investment research support and more. From co-sourcing and advisory through implementation, Gravitas designs creative solutions that give clients the operational freedom to invest, innovate, and scale. The company is based in New York with offices in Chicago, Greenwich, Mumbai and Ahmedabad, India. www.gravitas.co