Eton Solutions Launches AtlasFive® for Family Office Wealth Management in India; Onboards Catamaran as its Launch Customer
10 Julio 2024 - 5:04AM
Business Wire
Eton Solutions, a global leader in cloud-based services for
family offices of the future, is launching AtlasFive®, its renowned
ERP platform for family offices in India. Eton Solutions also
announced the family office of Infosys’ founder, Narayana Murthy,
Catamaran, as its launch customer. This underscores its
commitment to offering a comprehensive, innovative and localised
ERP platform for family offices across the country. Headquartered
in North Carolina, USA, it has had a presence in India for the
past 5 years with over 300 employees at their Global Technology
Center in Bengaluru supporting AtlasFive® clients globally.
Catamaran will use Eton Solutions' AtlasFive® platform to
streamline its investment portfolio management and enhance
operational planning, reporting and compliance. Eton Solutions has
developed a highly sophisticated ERP platform, AtlasFive®, a
fully integrated, secure cloud-native AI-driven software tailored
to meet the complex needs of family offices, currently managing
over $781 billion for 665 families worldwide. Over 11.5
million transactions are processed annually with 92,000
entities on this platform. The platform integrates all
operational facets of a family office into a cohesive solution,
emphasising efficiency and operating leverage.
Eton Solutions is also planning to set up a presence in GIFT
City, Gujarat, in the near future to support the growth of its
services provided to clients globally. This new Technology
Center is a key milestone for the company’s expansion strategy and
will serve as a hub for Eton Solutions’ operations in the
country, allowing it to leverage the unique advantages of GIFT
City's world-class infrastructure and regulatory environment.
"We chose AtlasFive® for its proven ability to streamline
investment management across multiple asset classes and to support
our growth objectives,” said Deepak Padaki, President of
Catamaran. “The platform’s sophisticated workflow automation
capabilities will help integrate back-office operations with
portfolio management, allowing us to be more productive in our
investment activities.”
Satyen Patel, Executive Chairman of Eton Solutions, said,
“The emergence of India as a financial powerhouse with the 3rd
largest concentration of billionaires in the world after China and
the USA, fits squarely with Eton Solutions’ international expansion
plans. India is a critical market within our global growth
strategy, and we are bullish about the opportunities in this
geography, and about servicing the diaspora internationally from
India. The fact that we are gearing up to open our next Technology
Center in GIFT City very soon is a testimony to our
commitment.”
Satyen added, “We are thrilled to have Catamaran as the first
among what we are confident of, will be many marquee customers in
India. Our partnership with Catamaran highlights the power and
versatility of AtlasFive®. We are confident that our platform will
empower Catamaran to achieve its ambitious growth targets while
upholding the highest standards of corporate governance.”
The availability of advanced platforms such as AtlasFive® in
India will be transformative for the Indian family office
landscape, making India a more attractive investment destination
for family offices globally. Eton Solutions’ vision to address the
complex needs of ultra-high-net-worth families is bolstered by a
belief that a holistic, integrated platform with support from a
team of skilled experts with domain knowledge in the family-office
space, can enable single-family offices, multi-family offices, and
professional services firms to reimagine the value they can provide
to their clients.
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