Gentoo Fund Services Selects Vitech's Software

Channel Islands Administrator to benefit from advanced technology platform

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Feb 01, 2012, 10:11 ET

NEW YORK, Feb. 1, 2012 /PRNewswire/ -- Vitech Systems Group announced today that Gentoo Fund Services Limited, a third party administrator headquartered on the Island of Guernsey, has selected Vitech's Equitrak software as a replacement fund administration system.

Gentoo will use Equitrak for investor and investment transaction processing, fee calculations, allocations, valuations, comprehensive reporting, and financial accounting. Gentoo selected Equitrak based on the software's powerful processing capabilities and its ability to help streamline operations while enhancing service levels.

"We are excited to have been selected by such a premier organization," said Hope Nawada, Vitech's Director of Investment solutions. "We look forward to partnering with Gentoo on this important implementation and to expanding our own operations in the Channel Islands based on this successful relationship."

About Gentoo Fund Services Limited
Gentoo Fund Services Limited has a dynamic, highly qualified team of 25 individuals specialising in the administration of alternative investment funds, including many private equity structures. The existing team was formed more than 10 years ago and collectively have more than 260 years of experience. For more information on Gentoo Funds Services Limited please visit www.gentoo.gg.

About Vitech Systems Group, Inc.
Vitech Systems Group, Inc. is a leading provider of software and services to investment, insurance, retirement and health plan administrators. Vitech's software is the choice of organizations world-wide who administer investments and benefits for over 20,000,0000 individuals and institutions. For more information visit www.vitechinc.com.

SOURCE Vitech Systems Group, Inc.