Developer of Intellectual Property-based Businesses, IP Group plc, Enhances Portfolio Management with Industry-specific, Cloud-based Software
LONDON, UK – Dynamo Software is proud to announce that IP Group plc, the developer of intellectual property-based businesses, has selected the Dynamo™ platform to optimise management of the firm’s diverse holdings across the biotech, cleantech, healthcare, and technology industries. Headquartered in London, IP Group pioneered the model of long-term partnership with universities and has honed a unique approach to building businesses.
“IP Group is an innovative firm with an exceptional track record of continuous growth,” commented Dynamo Software CEO Krassen Draganov. “Dynamo Software has prioritised the needs of UK alternative investment managers through our London office, and IP Group’s selection is a testament to the hard work of our European product and service teams.”
IP Group is transitioning to Dynamo™ from an internally developed system that was further supported by multiple Excel® sheets. The firm sought to adopt a consolidated, Cloud-based solution tailored to the alternative investment industry in order to streamline data management for its expanding portfolio. Key needs for IP Group included a platform offering out-of-the-box portfolio management features to quickly process foreign currency-based investments, and serve as an efficient conduit for both recording and providing portfolio data.
“As IP Group’s business grew, the firm recognised the benefit of true mobile capability within a centralised portfolio management software platform.” stated Financial Controller Jackson Heddy. “Dynamo’s ability to allow users to access, update, and share investment data from any location represents a significant operational enhancement from our previous platform.”
Dynamo’s™ Cloud-based mobility will enable IP Group to maintain comprehensive tracking of the firm’s holdings, including all information on a company’s track record, co-investors, and portfolio KPIs, across desktop and mobile devices. Lionpoint Group are acting as the project manager and implementation consultant to help ensure a smooth transition to the Dynamo™ platform.
Heddy notes, “Our Dynamo migration will provide us with a feature-rich, robust portfolio management system that will facilitate expedited portfolio tracking and monitoring across the company.”
About IP Group
IP Group is a leading intellectual property commercialisation company that focuses on evolving great ideas, mainly from its partner universities, into world-changing businesses. The Group has originated a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital (through its 100%-owned FCA-authorised subsidiary, IP Capital), networks, recruitment, and business support. IP Group’s holdings comprise approximately 80 early-stage to mature businesses across four main sectors — Biotech, Healthcare, Technology and Cleantech. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO.
About Dynamo Software
Dynamo Software, formerly Netage Solutions, has provided premium industry-specific, configurable investment management and reporting software for the alternative assets industry since 1998, including private equity and venture capital funds, hedge funds, funds of funds, real estate investment firms, prime brokers, foundations, endowments, pension funds, and family offices. Intuitive and highly configurable, the Dynamo™ platform has improved the productivity of fundraising, deal, research, investor relationship, and portfolio management teams worldwide.