April Software, a Luxembourg-based software service provider, has announced that it is celebrating its fifth anniversary.
Founded on 23 February 2015, April Software specialises in serving the investment management industry’s needs for data automation, risk and compliance monitoring, as well as reporting.
Given that around 50% of businesses cease to exist by their fifth year, April Software considered this milestone a reason for celebration. Indeed, the environment has proven particularly challenging for startups in the RegTech industry. In addition, the company has so far managed to succeed without external funding or financial, mentoring and/or networking support from accelerator programmes.
Explaining how April Software has achieved this, Founder and CEO Cedric Nanni commented: “First of all, it’s because of our Data Central solution. It is so groundbreaking in the investment management industry, that it usually takes only a quick fund software demo for professionals to realize its capabilities and how it can foster their operations and market presence”.
The company has also attributed its success to its customer service, namely client satisfaction, and its team’s professionalism and experience (over fifteen years) in the industry.
Amaury Mairlot, Business Development Officer, added: “Sometimes we would demonstrate solutions to everyday operational and data management problems that clients had not even thought of and they would be pleasantly surprised to see how these can contribute to overall efficiency and strategic advantage”.
As a result, the company today has a variety of investment management firms as clients, including asset managers, third-party ManCos and wealth management firms. Their total assets under management (AUM) amount to over €10 billion. Moreover, over 20 fund administrators are connected to April Software's Data Central, which streamlines data processes and reports for over 200 subfunds to date.
