Founded in 1980, IVP and their experienced team of investors, is a technology and media-focused private equity firm, based in Silicon Valley. IVP’s investment professionals differentiate themselves by specializing in later-stage operating companies.
Before their introduction to Altvia, IVP had a basic desktop database software to manage their Limited Partner contacts and interactions. However, it was apparent that the program could no longer support the level of growth the firm had experienced. What makes IVP’s story unique is they went through the technology buying process twice. The first solution IVP migrated to was built by a consultant and very quickly turned out not to be the right fit. With both time and money spent, and the team feeling fatigued from the initial implementation process, they knew the second time was critical for the firm’s success.
“Our team would spend anywhere from 5-10 hours cross-checking our investor reports for distribution,” O’Kane stated. She went on, “when you have last-minute capital calls, distributions, audits or any other various items that come up, not having an integrated solution proved itself to be problematic”. It was during this time that O’Kane was introduced to Altvia’s GP-LP Portal, ShareSecure, and communication tool, Correspond, which together could integrate with Salesforce, and in turn create a fluid process for the firm. “This whole thing could have been avoided had we started with Altvia earlier. We could have spared, time, money, and possibly some frustration.”
It now takes the team 30 minutes, compared to 5-10 hours, to distribute reports to their investors, and they can distribute with confidence. IVP can now give their partners peace of mind with ShareSecure, where they can request signatures, track documents, and activities.
“I was in good hands with Altvia, not only because they had the experience and understood the nuances of private equity, but also in the way I was assisted through the entire sales process, and implementation.”
Download the complete case study for more about Crosslink and how Altvia supported an effective fundraising process.