PureFacts Financial Solutions, an award-winning provider of end-to-end revenue management solutions for the wealth and asset management industry, announces the appointment of Pete Hess as President. Hess’ hiring follows the completion of a strategic investment from GrowthCurve Capital, a private equity firm focused on building businesses through data, analytics and machine learning, combined with a comprehensive approach to human capital.
Most recently Chief Revenue Officer for the Americas at InvestCloud, a global financial services platform provider, Hess brings an impressive track record in the industry. Hess spent 23 years at Advent, which was acquired by SS&C Technologies in 2015, including three years serving as president and three as CEO. Hess also served as an operating partner at leading U.S. private equity firm Welsh, Carson, Anderson & Stowe, which focuses on the technology and healthcare sectors.
“Pete’s a proven business leader and we are grateful and excited that he has chosen to join the PureFacts team,” said Robert Madej, founder and CEO of PureFacts. “His deep understanding of our clients’ business and supporting technology will be pivotal in delivering solutions to our clients, enabling them to accelerate growth and gain a competitive advantage in the marketplace.”
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In his new role, Hess will report to Madej and is tasked with leveraging PureFacts’ position as the leading revenue management solution for global wealth and asset management firms. Hess will assume day-to-day leadership of PureFacts operations with Madej focusing his time on engaging with key clients, partners and prospects.
“Over the course of my career, I’ve seen firsthand the continually evolving technology to support the wealth and asset management industries,” said Hess. “In my view, one critical area that has been too often overlooked is revenue management. PureFacts is leading the charge to change that, and I’m excited to elevate our end-to-end solution, helping clients unlock new revenue streams and uncover new avenues for growth.”
PureFacts has grown steadily since it was founded in 2010. Its PureRevenue Platform enables scalable revenue management by powering the entire revenue lifecycle. Following a recent majority investment from GrowthCurve, PureFacts is increasing investment in new product development, accelerating its deployment of artificial intelligence and delivering data-driven insights into new markets.
SOURCE: BusinessWire