Business Services Industry
Kurtosys Appoints New Chairman of the Board
Business Wire, Oct 15, 2008
Kurtosys Systems Inc. announces that Virginia Gambale has been appointed Chairman of the Board
NEW YORK -- Virginia is a successful investor and technology leader. She is currently Managing Partner of Azimuth Partners LLC, a company that she founded in 2003. Prior to the founding of Azimuth Partners, she held senior management positions (including CIO) at global corporations including Merrill Lynch, Marsh & McLennan, Bankers Trust Alex Brown and Deutsche Bank. As a General Partner of ABS Ventures, she led investments in Workbrain (TSE-WB) and Synchronoss (NASDAQ-SNCR). Virginia was also a partner at DB Capital Partners.
Virginia said: "The Kurtosys Managed Service Platform is an alternative approach to the task of institutional client reporting. Asset management firms need a solution to configure and deploy an end to end solution for client reporting. Many enterprises have tried to develop internal applications on top of data warehouses using the typical business intelligence applications. This usually requires assembling a massive and costly data warehouse with a myriad of complex data sources; over time, this becomes difficult to manage, maintain and scale. Kurtosys provides asset managers the control they require over the client reporting process while allowing Kurtosys to oversee the hardware, software, application configuration, security, data aggregation, report workflow and web portal. They also provide the IT staffing, system maintenance and asset management domain expertise. In any economic climate, they are a perfect supplement to any IT organization. The outsourcing of this administrative process allows management to focus on the core business and have a single source of service."
Mash Patel, CEO of Kurtosys said, "Virginia has been instrumental in helping the Company through every stage of growth. The experience that she has had with other high growth enterprises has been invaluable. Her advice and insight was critical to the fund raising efforts that we have recently completed. We look forward to her leadership as Chairman of the Board."
About Kurtosys Systems Inc.
With offices in New York and London and customers in the U.S., UK, Switzerland, South Africa and Australia, Kurtosys provides an end to end solution for data aggregation, business workflow, report creation and client reporting through secure web portals.
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