The methodology to the 2010 Inc. 500 is to rank companies according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million.

New York, NY.  September 2, 2010 – Inc. magazine today ranked Archway Technology Partners NO. 432 on its 29th annual Inc. 500, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs.

“Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous,” said Inc. editor Jane Berentson. “The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times.”

“Archway is honored to be recognized in this year’s listing,” said Archway president Jason Brown. “With a relentless focus on client service, the firm has navigated an economy that has experienced a significant downturn while managing to increase our market share and grow as a firm.”  Jason continued “we are grateful for the opportunity to be able to continue offering rewarding careers for our people and innovative technology for our clients.  We are well aware that not every other company has been afforded these opportunities over the past three years.”

The methodology to the 2010 Inc. 500 is to rank companies according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.

About Archway Technology Partners

Archway Technology Partners is a global software company supporting the operations of investment companies such as Hedge Funds, Fund of Funds, Family Offices, Multi-Family Offices, Fund Administrators and Investment Advisors.

Archway’s flagship platform, ATWeb, is deployed in the Enterprise Edition and Portfolio Edition versions.  The ATWeb Enterprise Edition is the industry’s leading enterprise investment application successfully integrating accounting and financial management with portfolio management tools.  The ATWeb Portfolio Edition is a toolset that offers robust portfolio management, modeling, rebalancing and reporting tools coupled with an advanced asset-based fee engine for investment advisors.  Visit our website at www.archwaytechnology.net.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

At Archway, this individual will be a key component of the technology team with significant responsibility and high visibility.  This individual will oversee management of the company’s internal network and hosted application environments.  This position will allow a talented and enthusiastic candidate the opportunity to have an immediate impact within the organization and build/support an architectural footprint capable of scaling with the firm’s tremendous growth.

To learn more, click here!

User Security – Reports – Clients taking advantage of more advanced ATWeb User Security functionality will notice two enhancements to user permissions required for generating reports in ATWeb. 

Accounts Payable General Updates

> Payment Cycles Indicator
> Distributions to an Entity
> Accounts Payable Workflow

Accounting Period Income Allocation – Distributions – Accounting Period income allocation logic has been updated to more accurately reflect the impact of distributions on Entity ownership.  Distributions entered through the Accounts Payable Module will be factored into Entity ownership following a daily weighted average method, thus changing the allocation of income at the end of the period.  As equity changes throughout the accounting period, the ownership percentages used to calculate income allocation during the close process will also change.  Prior to this update, distributions had no impact on Entity ownership in relation to income allocation until the following accounting period.

Income Fee Calculation with Benchmarks – Users now have the ability to assign specific benchmarks to be used as a hurdle rate for Income Fee calculations.  In order to use this functionality, a Synthetic Benchmark must first be created in the Security Master. 

Asset-Based Fees Charged through Accounts Receivable – Clients using the Management Fee billing functionality through the Accounts Receivable Module will notice a significant enhancement to the Fee Tier configuration options.  

New Reports & Reporting Updates

> Open Tax Lots by Portfolio
> Open Tax Lots by Security
> Entity Ownership}
> Period Balance
> Change in Profit and Loss
> Consolidated Statement by Profile Class

Other Updates

Archway Development released seven (7) integration-related enhancements, including updates to current integrations and new integrations with the following data providers:

> Morgan Stanley (Prime Brokerage system)
> BNY Mellon (IAS system)
> Merrill Lynch (PBIG system)

User Security – Reports – Clients taking advantage of more advanced ATWeb User Security functionality will notice two enhancements to user permissions required for generating reports in ATWeb.  A summary of the changes is listed below. 

Module Security – User Accounts are now required to have at least ‘View’ permissions within the corresponding Module in order to view/run reports.  For example, a User Account generating the Open Positions by Security report (a Portfolio Module report), must now have Entity-level ‘Portfolio Management – View’ credentials and Entity-level ‘Reporting – View’ credentials.  All reports are affected by this enhancement.

Entity Security – Report parameter screens containing Entity lists have been filtered to include only those Entities to which the User Account generating the report has access.  For example, the Entity Scope tab on the Balance Sheet report will only contain Entities to which the User Account has been granted access.  All cross-Entity, generally available reports with the Entity filtering capability will be affected by this enhancement.  Custom reports will not be affected by this update.

Accounts Payable General Updates – Clients using the Accounts Payable Module will find the following enhancements:

Payment Cycles Indicator – A new Printed checkbox has been added to the middle pane of the Payment Cycle window When the Output Payment Cycle icon is selected for a given Payment Cycle, the checkbox will be flagged to indicate that a payment output, typically in the form of a check, has been generated by ATWeb.

Distributions to an Entity – An enhancement has been made to the Distributions process available through Accounts Payable to allow for the creation of bills for Distributions made to other Entities tracked within ATWeb. 

Accounts Payable Workflow – Enhancements have been made to the Accounts Payable Module to integrate ATWeb Workflow Manager with Accounts Payable payment processing. 

Workflow Manager is not required in order to use Accounts Payable in ATWeb.

Accounting Period Income Allocation – Distributions – Accounting Period income allocation logic has been updated to more accurately reflect the impact of distributions on Entity ownership.  Distributions entered through the Accounts Payable Module will be factored into Entity ownership following a daily weighted average method, thus changing the allocation of income at the end of the period.  As equity changes throughout the accounting period, the ownership percentages used to calculate income allocation during the close process will also change.  Prior to this update, distributions had no impact on Entity ownership in relation to income allocation until the following accounting period.

Income Fee Calculation with Benchmarks – Users now have the ability to assign specific benchmarks to be used as a hurdle rate for Income Fee calculations.  In order to use this functionality, a Synthetic Benchmark must first be created in the Security Master. 

Asset-Based Fees Charged through Accounts Receivable – Clients using the Management Fee billing functionality through the Accounts Receivable Module will notice a significant enhancement to the Fee Tier configuration options.  

Reporting Updates

Open Tax Lots by Portfolio – This report is no longer limited to being run for an Accounting Period Date.  The enhanced report allows users to indicate any date for which to generate the report.

Open Tax Lots by Security – This report is no longer limited to being run for an Accounting Period Date. 

Entity Ownership – This report replaces the Partnership Ownership report previously available in the Partnership Report Types category.  Users will now find columns displaying:

> Beginning Equity balances
> Capital activity recorded through Cash Management and Accounts Payable Distributions
> Ending Equity balances
> Beginning Equity balances for the next accounting period

This report is now available in the Financial Report Types category of the Reporting Module and may be generated to PDF or Excel.

Period Balance – This report now provides the option to include withdrawals recorded through the Investor Module in the Ending Equity balance.  Capital activity recorded through the Cash Management Module or through Accounts Payable Distributions is not dependent upon the Include Period Withdrawals flag and will always be displayed in the Additions/Withdrawals column.

New Reports

Change in Profit and Loss – This report provides multiple category breakouts of income and expenses at the Security level for a user-defined date range. 

Statements – Consolidated Statement by Profile Class – This report provides an account overview by Profile Class and leverages Security Classes to present overall asset allocation percentages.

Other Updates

Archway Development released seven (7) integration-related enhancements, including updates to current integrations and new integrations with the following data providers:

> Morgan Stanley (Prime Brokerage system)
> BNY Mellon (IAS system)
> Merrill Lynch (PBIG system)

About Archway Technology Partners

Archway Technology Partners is a global software company supporting the operations of private investment companies such as Hedge Funds, Fund of Funds, Family Offices, Multi-Family Offices, Fund Administrators and Venture Capital Funds. Archway’s flagship platform, ATWeb, is an industry leading on-demand enterprise software solution for the Investment Industry. ATWeb clients enjoy web deployed tools available 24/7. ATWeb is the industry’s only application that has successfully integrated a full G/L, investor relations, portfolio accounting software, fund accounting software, partnership accounting software, coupled with a full suite of financial modules including accounts payable, accounts receivable and budgeting – a true standard in one solution.

Built on next generation technology, ATWeb is the complete Family Office software, Hedge Fund software, Fund Administration software, Private Equity software and Asset Management software solution.

With the client portal and new reports coming that will enable managers to better understand allocation, performance and risk, ATWeb is the refreshing tool set managers and client appreciate. Daily portfolio reconciliations can be completed by your team or outsourced to Archway!

For more information and screen captures of the tool, please click here.

For the entire article, click here!

We are looking forward to a successful deployment and will shortly thereafter begin building the already designed functionality for the October release.  As always, we value your input and welcome ideas.

Forty-one companies from Indiana will be honored as outstanding second-stage companies during the third annual Indiana Companies to Watch awards program, held on Aug. 26 in Indianapolis.

Companies to Watch is an awards program that celebrates Indiana privately held second-stage companies, typically those businesses that are past the startup phase, are considered to be established, and face issues of growth, not survival.

Indianapolis, IN.  July 16, 2010 – Archway Technology Partners has been recognized as one of the 2010 Indiana Companies to Watch, an awards program presented by the Indiana Economic Development Corporation, its Small Business Development Center network, Purdue University and the Edward Lowe Foundation.

Forty-one companies from Indiana will be honored as outstanding second-stage companies during the third annual Indiana Companies to Watch awards program, held on Aug. 26 in Indianapolis.

Companies to Watch is an awards program that celebrates Indiana privately held second-stage companies, typically those businesses that are past the startup phase, are considered to be established, and face issues of growth, not survival.

Companies honored range from traditional businesses involved in manufacturing, financial services and retail trade to high-tech companies working in the life sciences, information technology, telecommunications, and aerospace industries.

Among the 41 honored companies in 2010 is Archway Technology Partners.

About Archway Technology Partners

Archway Technology Partners is a global software company supporting the operations of private investment companies such as Hedge Funds, Fund of Funds, Family Offices, Multi-Family Offices, Fund Administrators and Venture Capital Funds. Archway’s flagship platform, ATWeb, is an industry leading on-demand enterprise software solution for the Investment Industry. ATWeb clients enjoy web deployed tools available 24/7. ATWeb is the industry’s only application that has successfully integrated a full G/L, investor relations, portfolio accounting software, fund accounting software, partnership accounting software, coupled with a full suite of financial modules including accounts payable, accounts receivable and budgeting – a true standard in one solution.

Built on next generation technology, ATWeb is the complete Family Office software, Hedge Fund software, Fund Administration software, Private Equity software and Asset Management software solution.

For more information, please visit our website at http://www.archwaytechnology.net.

About Indiana Companies to Watch

Companies to Watch firms must employ between six and 150 full-time equivalent employees, have between $750,000 and $100 million in annual revenue or working capital in place, and demonstrate the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage or other notable strengths.

This year more than 300 Indiana companies were nominated for the Companies to Watch program. The number of applicants was narrowed to 141 businesses. From that pool, 100 finalists were selected, and 41 companies emerged to become the 2010 Indiana Companies to Watch.

This awards program is unique because of its focus on second-stage companies. The impact of these companies on Indiana’s economy is immense. During 2006-2008 Indiana’s resident companies averaged more than 33,000 second-stage establishments according to YourEconomy.org, an online resource of the Edward Lowe Foundation. Those second-stage companies employed more than 784,000 workers.

Looking at the contributions of these companies from a different perspective, from 2006-2008 only 9.5 percent of Indiana’s resident establishments were in the second-stage category, however, they generated nearly 37.1 percent of net new jobs.  

Indiana Companies to Watch is a collaboration among the Indiana Economic Development Corp., through its Small Business Development Center Network, Purdue University and the Edward Lowe Foundation.

This program would not be possible without the generous support of Premier Capital Corporation as well as Barnes & Thornburg LLP, Katz, Sapper & Miller, KeyBank and Ivy Tech Community College. The program is also supported by media sponsors BizVoice magazine and Inside Indiana Business.

About the program presenters:

The state of Indiana’s lead economic development agency, the Indiana Economic Development Corporation oversees Indiana’s statewide business attraction and development efforts, coordinates state programs, and incentives for companies looking to grow in Indiana, and provides assistance and funding to Indiana entrepreneurs and high-tech start-ups.

The Indiana Small Business Development Center Network offers free and low-cost information, management counseling and educational services to support the state’s small-business owners and potential entrepreneurs, boosting economic development and creating jobs within the state.

As Indiana’s land-grant university, Purdue has a long history and commitment to Indiana’s economic development. In today’s knowledge based economy, this commitment is more important than ever. Purdue supports the Companies to Watch program through its Office of Engagement, Center for Regional Development, Burton Morgan Center for Entrepreneurship, College of Agriculture, Purdue Extension, Technical Assistance Program, and the Purdue Research Foundation.

The Edward Lowe Foundation inspired the creation of the Companies to Watch program to celebrate second-stage entrepreneurs and their companies. Established in 1985, the Edward Lowe Foundation is a Michigan-based nonprofit organization that supports entrepreneurship through recognition, education and research with a focus on second-stage companies—those that have moved beyond the startup phase and seek significant, steady growth. The foundation also encourages economic gardening, an entrepreneur-centered strategy providing balance to the traditional approach of business recruitment.

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Hedge Fund Registration – Under the new laws, hedge fund managers with assets under management of $100 million or more will be required to register with the SEC.  Additionally, these managers will be required to provide the SEC with certain information related to their trading.

Increased State Authority – Currently managers who have at least $30 million in AUM can register with the SEC.  After the bill goes into effect, that number increases to $100 million.  This means that some managers currently registered with the SEC will have to de-register and then register with the state where the manager resides.

Accredited Investor Standards – The bill would initially adjust the accredited investor standard and then require periodic adjustments over time.  Initially, an investor’s equity in a primary residence will no longer count toward the $1 million net worth requirement.   This may have a negative impact on smaller hedge funds and  small companies who rely on accredited investors for investments.

Next Steps – Once the bill is signed into law by President Obama, the SEC will begin implementation of the new laws.

 Indianapolis, IN.  June 21, 2010 – Archway Technology Partners is excited to be recognized in the prestigious IBJ ranking as one of the area’s Fastest Growing Private Companies.  The recognition considers company growth and revenues from the past three years.  “Most of the growth is attributed to the sales and support of our Enterprise Investment Software platform, ATWeb, and our Fund Administration service, Operations Outsourcing,” said Jason Brown, President, Archway Technology Partners.  

Archway Technology attributes their success to client service and controlled growth.  “Early on,” said Brown,  “we purposely kept the company small to give us enough time to evolve the technology for the demands of the private investment community; and while we have great technology, we consider our special sauce to be the way we treat our clients.”  Archway has never taken capital or used debt to fuel growth.  Rather, Archway has grown organically since inception.

This year, Archway expects to grow as much as 80 percent and ramp up hiring in both its Indianapolis and New York City offices.

About Archway Technology Partners

Archway Technology Partners is a global software company supporting the operations of private investment companies such as Hedge Funds, Fund of Funds, Family Offices, Multi-Family Offices, Fund Administrators and Venture Capital Funds.  Archway’s flagship platform, ATWeb, is an industry leading on-demand enterprise software solution for the Investment Industry.  ATWeb clients enjoy web deployed tools available 24/7.  ATWeb is the industry’s only application that has successfully integrated a full G/L, investor relations, portfolio accounting software, fund accounting software, partnership accounting software, coupled with a full suite of financial modules including accounts payable, accounts receivable and budgeting – a true standard in one solution.

Built on next generation technology, ATWeb is the complete Family Office software, Hedge Fund software, Fund Administration software, Private Equity software and Asset Management software solution.

For more information, please visit our website at http://www.archwaytechnology.net.

The recognition considers company growth and revenues from the past three years.  Most of the growth is attributed to the sale and support of our Enterprise Investment Software platform, ATWeb and our Fund Administration service, Operations Outsourcing.  Stay tuned for more news about the recognition!

The agenda will be packed with regulatory updates  and lessons learned from prior years.  Attendees will also get a glimpse of the role technology will play in reporting, mitigating risk and providing transparency.  Each of those areas will be heavily reviewed and demanded by existing and potential investors and regulatory arms including the SEC.

For more information about the event, click here!

We hope to see you there!

According to a Hedge Fund Tax Alert (found here) provided by Ernst & Young,  an ISPI is a partnership interest held by a person that provides a substantial quantity of investment management services with respect to specified assets held by the partnership. Specified assets include securities, commodities, real estate held for rental or investment, partnership interests or derivatives with respect to any of the foregoing.  The new provision would apply to hedge, private equity, venture capital, real estate as well as oil and gas funds. There are no carve-outs in the provision for specific industry sectors or fund types. Moreover, these provisions can have broader application to partnerships than one might not consider to be fund arrangements. Also, the provision does not appear to grandfather existing carried interests.

Each integration is scoped to ensure relevant data fields can be provided.  Though clients do not always require all information, Archway works to provide portfolio, position, general ledger, pricing and cash balances as part of each integration.  Clients can elect to not import some fields, such as pricing, if they prefer to use another data provider such as IDC.

 Over the past weekend, the Archway team released several enhancements to the ATWeb platform. While our client base has received formal communication and training as needed, we feel it is our obligation to highlight a few enhancements to our regular readers, prospects and partners. A subset of the enhancements include the following:

Version 4.3.0 of the ATWeb platform will be released this weekend into the Production environment.  Highlights of the upgrade include the following:

Enterprise Enhancements:

Breakpoints Nomenclature Changed to Accounting Periods – Within ATWeb, the term Breakpoints has been changed to Accounting Periods.  The same functionality exists within the Accounting Periods Module as previously existed in the Breakpoints Module.

Group and Role-Based User Security – New user security enhancements have been added to provide increased levels of user security based on organizational responsibilities and entity level access. 

Security Master Configuration Update – Users will notice increased efficiency when assigning General Ledger account integrations to Security Type characteristics  

Entity Enhancements:

Portfolio-Specific Pricing Enhancement – Enhancements have been made to the Update and Edit Post PM functionality to determine the appropriate market value for securities with varying prices on a single day across multiple portfolios.  A security’s market value table may be accessed through Main à Enterprise Portfolio à Security Master à Securities à Market Values tab.  The order of operations for determining the appropriate value to use is as follows:

Consolidated Bill Pay – Clients who use the Accounts Payable module will notice an enhancement to the Payment Cycle process that allows multiple bills to a single vendor to be paid with one check. 

Inter-Entity Bill Lines – Within the Accounts Payable module of ATWeb, an enhancement has been made to the Add Bill process that will allow the assignment of Bill Lines to other entities within the client Enterprise.  After the Bill header is created, the next step in the workflow is to add Bill Lines.

Portfolio Class Option Assignments and Ratios – The existing Portfolio Class functionality has been enhanced to allow for multiple Portfolio Class Option assignments to a single portfolio.  Additionally, users may now assign specific values to each Portfolio Class Option. 

Reporting – The following reports and report updates have been released to the Reporting Module:

Report Updates

Trial Balance – This report now provides user with the ability to generate the report for historical accounting periods.  The Trial Balance report is available under the ‘Financial’ wedge of the Reporting module.

New Reports

In-Kind Gain/Loss Allocation by Entity – Clients with in-kind contributions may use this report to validate how realized and unrealized gains are allocated to specific investors.  The report shows how the amount of carry-forward unrealized gain/loss is allocated for each tax lot based on which investor contributed it.  This report is available within the ‘Investor’ wedge of the Reporting module.

Statement of Capital – For Clients using ATWeb Trust Accounting functionality, this report will display the portion of Equity related to principal/capital and the change in this balance during the date range selected.  This report is available under the ‘Trust’ wedge of the Reporting module.

Statement of Income – For Clients using ATWeb Trust Accounting functionality, this report will display the portion of Equity related to income and the change in this balance during the date range selected.  This report is available under the ‘Trust’ wedge of the Reporting module.

About Archway Technology Partners

Archway Technology Partners is a global software company supporting the operations of private investment companies such as Hedge Funds, Fund of Funds, Family Offices, Multi-Family Offices, Fund Administrators and Venture Capital Funds. Archway’s flagship platform, ATWeb, is an industry leading on-demand enterprise software solution for the Investment Industry. ATWeb clients enjoy web deployed tools available 24/7. ATWeb is the industry’s only application that has successfully integrated a full G/L, investor relations, portfolio accounting software, fund accounting software, partnership accounting software, coupled with a full suite of financial modules including accounts payable, accounts receivable and budgeting – a true standard in one solution.

Built on next generation technology, ATWeb is the complete Family Office software, Hedge Fund software, Fund Administration software, Private Equity software and Asset Management software solution.

For more information, please visit our website at http://www.archwaytechnology.net.

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If you would like more information about this topic, or to schedule an interview, please call Drew Alexander at 317.819.5501 or e-mail Drew at dalexander@archwaytechnology.net