Insights

Global Expansion Formidium's recent expansion to India and the launch of new services like Universe and Finalytic present sales opportunities to tap into emerging markets and offer innovative solutions to a wider client base.

Market Positioning With a vast portfolio of over 1,300 multi-asset funds and $30B+ assets under administration, Formidium's strong market positioning provides a solid foundation for sales professionals to engage with clients seeking comprehensive fund administration services.

Tech Advantage Formidium's tech stack including MongoDB, Azure DevOps, and HubSpot showcases advanced technology integration. Sales reps can leverage this tech advantage to demonstrate cutting-edge solutions to tech-savvy clients looking for efficient fund management tools.

Leadership Addition The appointment of Mandar N. Mhatre as the Global Chief Revenue Officer (CRO) signifies Formidium's focus on revenue growth. This presents an opportunity for sales development representatives to align strategies with the new leadership for enhanced sales effectiveness and expansion.

Competitive Edge In a competitive landscape with similar companies like Intelligo and Automata, Formidium's revenue ranging between $100M - $1B positions it as a key player. Sales professionals can highlight this revenue strength to demonstrate the company's financial stability and competitive edge in the market.

Similar companies to Formidium

Formidium Tech Stack

Formidium uses 8 technology products and services including MongoDB, Azure DevOps, Azure Active Directory, and more. Explore Formidium's tech stack below.

  • MongoDB
    Database
  • Azure DevOps
    Devops
  • Azure Active Directory
    Identity And Access Management
  • HubSpot
    Marketing Automation
  • Open Graph
    Miscellaneous
  • OWASP
    Security
  • reCAPTCHA
    Security
  • HSTS
    Security

Media & News

Formidium's Email Address Formats

Formidium uses at least 1 format(s):
Formidium Email FormatsExamplePercentage
First.Last@formidium.comJohn.Doe@formidium.com
50%
First.Last@formidium.comJohn.Doe@formidium.com
50%

Frequently Asked Questions

Where is Formidium's headquarters located?

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Formidium's main headquarters is located at 3025 Highland Pkwy Suite 330 Downers Grove, Illinois 60515 US. The company has employees across 4 continents, including AsiaNorth AmericaAfrica.

What is Formidium's official website and social media links?

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Formidium's official website is formidium.com and has social profiles on LinkedIn.

How much revenue does Formidium generate?

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As of September 2024, Formidium's annual revenue reached $300M.

What is Formidium's NAICS code?

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Formidium's NAICS code is 52 - Finance and Insurance.

How many employees does Formidium have currently?

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As of September 2024, Formidium has approximately 723 employees across 4 continents, including AsiaNorth AmericaAfrica. Key team members include Chief Revenue Officer (cro): M. M.Chief Marketing Officer: J. M.Chief Technology Officer: R. K.. Explore Formidium's employee directory with LeadIQ.

What industry does Formidium belong to?

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Formidium operates in the Financial Services industry.

What technology does Formidium use?

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Formidium's tech stack includes MongoDBAzure DevOpsAzure Active DirectoryHubSpotOpen GraphOWASPreCAPTCHAHSTS.

What is Formidium's email format?

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Formidium's email format typically follows the pattern of . Find more Formidium email formats with LeadIQ.

How much funding has Formidium raised to date?

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As of September 2024, Formidium has raised $3.5M in funding. The last funding round occurred on Nov 18, 2021 for $3.5M.

When was Formidium founded?

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Formidium was founded in 2016.
Formidium

Formidium

Financial ServicesIllinois, United States501-1000 Employees

Formidium is an investor-backed global leader in fund administration, offering innovative solutions for investment managers across asset classes. Since 2016, we have built a global presence with offices in the U.S., India, Canada, and Singapore, supporting over 500 clients, more than 1,300 multi-asset funds, and managing $30B+ in assets under administration (AUA) with capabilities in over 25 jurisdictions.
 
Our proprietary software solutions offer unparalleled flexibility to meet bespoke client needs, far surpassing off-the-shelf systems. We provide comprehensive services, including Net Asset Value reporting, cross-currency and cryptocurrency integration, and full compliance support. Formidium’s cloud-native, scalable SaaS platform enables automated workflows, real-time data access, and modular capabilities for seamless growth.
 
Our platform includes:
• Seamless™: Next-generation fund management technology, customer lifecycle and revenue management, as well as investor onboarding and reporting.
• CommonSubDoc™: Efficient investor onboarding with streamlined document management, automated workflows, and secure data sharing.
• Taxplex™: A proprietary tax platform delivering comprehensive multi-asset tax services, automating complex calculations, filings, and reporting.
• Finalytic™: An analytics platform providing real-time financial insights, performance tracking, and customizable reporting for informed decision-making.
 
Additionally, Formidium offers ManCo accounting, co-sourcing capabilities, compliance services, and an Alternative Investment Marketplace connecting industry participants.

With a team of over 650 professionals, we combine deep industry expertise with round-the-clock support to give institutional clients a competitive edge. Guided by our mantra, “Adapt & Prosper,” we redefine fund administration, empowering clients to thrive in a constantly evolving financial landscape.
 
Learn more at www.formidium.com.

Section iconCompany Overview

Headquarters
3025 Highland Pkwy Suite 330 Downers Grove, Illinois 60515 US
NAICS Code
52 - Finance and Insurance
Founded
2016
Employees
501-1000

Section iconFunding & Financials

  • $3.5M

    Formidium has raised a total of $3.5M of funding over 2 rounds. Their latest funding round was raised on Nov 18, 2021 in the amount of $3.5M.

  • $100M$1B

    Formidium's revenue is in the range of $100M$1B

Section iconFunding & Financials

  • $3.5M

    Formidium has raised a total of $3.5M of funding over 2 rounds. Their latest funding round was raised on Nov 18, 2021 in the amount of $3.5M.

  • $100M$1B

    Formidium's revenue is in the range of $100M$1B

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