AltResources selects AltaReturn as a technology partner

NEW YORK, June 12, 2012 /PRNewswire/ -- AltResources, a leading provider of fund administration services for private equity funds, venture capital and buyout funds and other closed-end, committed capital structures, today announced that it has selected AltaReturn as a technology partner for fund accounting and reporting services.

John Wiencek, Managing Director of AltResources, said: "The agreement with AltaReturn marks a significant milestone for the firm. It will enable us to give clients additional technology that is both highly reliable and adaptable to their unique needs. Transparency and efficiency are important in today's market. The AltaReturn product helps us meet these requirements."

"We look forward to working with AltResources," said Rey Acosta, Managing Partner of AltaReturn. "Our cloud-based applications are cost effective and can be deployed quickly, making them ideal for both established and newly formed funds."

AltResources looks forward to deploying this sophisticated technology for funds and other closed-end committed capital structures to create efficiencies within complex accounting and operational functions.

About AltResources
AltResources is a leading provider of trusted, independent administrative services for private equity, venture capital and buyout funds and other closed-end, committed capital structures. The firm provides a range of accounting, tax and compliance services customized to meet the needs of each client through an experienced team of professionals and state-of-the-art technology. For more information, please see www.altrllc.com.

About AltaReturn
AltaReturn delivers next generation software solutions for the private equity industry. Engineered on familiar Microsoft platforms, AltaReturn is designed as an end-to-end solution to help the private equity industry achieve unprecedented levels of efficiency and effectiveness.

SOURCE AltResources