Firelake Capital Adopts Navatar Private Equity CRM Built on Salesforce.com's Force.com...

Fri Jul 8, 2011 8:37am EDT

* Reuters is not responsible for the content in this press release.

Firelake Capital Adopts Navatar Private Equity CRM Built on Salesforce.com's
Force.com Cloud Computing Platform

NEW YORK, July 8, 2011 (GLOBE NEWSWIRE) -- Navatar Group, a global cloud service
provider, today announced that Firelake Capital, a California-based private
equity firm, has selected Navatar Private Equity Cloud to manage their
fundraising, deal flow, portfolio and capital calls/distributions.

Navatar Private Equity provides out-of-the-box functionality and workflows
essential for private equity firms. It runs entirely in salesforce.com's cloud
and is available for a low monthly fee. Its flexible reporting engine can be
easily used by non-technical staff to generate reports. A demo is available at:

http://sites.force.com/appexchange/listingDetail?listingId=a0N300000016b7MEAQ

Private Equity firms do not have to spend any money on professional services.
Navatar Group also provides all implementation services, accounts/contacts
migration, training, maintenance and support free of charge.

Navatar Private Equity enables firms to:

  --  Manage fund lifecycle
  --  Identify potential investors for a fund
  --  Track investor commitments
  --  Manage commitment transfers
  --  Manage co-investments
  --  Track side letters and limited partner agreements
  --  Identify correspondence for each fund
  --  Track deal flow / deals in the pipeline
  --  Manage Capital Calls & Distributions
  --  Track portfolio company performance
  --  Manage Fund of Funds portfolio
  --  Stay connected anywhere -- BlackBerry, iPhone, PDA
  --  Fully integrate with MS Outlook and MS Exchange


"We're pleased that private equity firms around the world are choosing Navatar's
service," said Ketan Khandkar, Principal, Navatar Group. "Firms can now start
using a fully built solution for their CRM and operations for one small monthly
fee - no capital expenditure, no implementation costs, free upgrades and zero
maintenance costs."

Navatar Private Equity runs on most editions of salesforce.com's service. There
is no other software, hardware, subscription or services needed. All code as
well as client data is encrypted and stored on salesforce.com servers.

Live Demo

For a live demo of Navatar Private Equity, and to learn about our special
promotions, contact 212 461 2140 or sales@navatargroup.com.

About Navatar Group

Navatar Group (http://www.navatargroup.com) is a global cloud service provider
and a top ISV partner and value-added reseller of salesforce.com. One of the
first to bring Wall Street experience to Cloud Computing, Navatar Group is a
leading provider of cloud solutions for the financial sector, with customers in
more than 20 countries. We pioneered the concept of cloud products where
customers don't pay anything for implementation or support services. Navatar's
financial cloud solutions for Capital Markets, Asset Management & Banking are
used by firms such as Jefferies & Co, Guggenheim Partners and MidOcean Partners.
Navatar's consulting arm advises and helps ISVs migrate to the cloud. We are
headquartered on Wall Street, New York with offices in Washington DC and New
Delhi, India.

The Navatar Group logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6585

CONTACT:  Navatar Group Media Contact: 

          Allan Siegert
          asiegert@navatargroup.com
          212 461 2140
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