By Matt Abar on 1/23/2008 2:12 PM

We're still in the first few weeks of company launch but I'm throwing out a tentative roadmap for the year. At this point, everything is geared around building and shipping a high-end portfolio management system. I'm not in a hurry, like I was throughout most of Techfi's existence. The emphasis now is more on getting things right the first time and building a fast, stable, and scalable framework for future development.

In fact for the first six months, we're going to be working almost excusively on the portfolio management engine. We're making sure the core accounting engine, performance calculations, and general data management are completely rock solid before moving on to screens and reports.

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By Mike Benson on 1/21/2008 8:58 AM

Let me catch everyone up a bit.  After Techfi was acquired by Advent, I stayed on for another year or so, fighting for Techfi clients and staff alike.  Obviously, I lost. I don't blame Advent really, in their eyes, they had two competing products.  They were losing a lot of money and had to make some tough decisions, they laid off a lot of employees and cut a lot of projects.  Techfi was one of the projects that got cut.

I moved on from Advent and joined a local company called IAN who had been acquired by SS&C.  While at SS&C, I restructured development and redesigned their product for the next generation.  After many discussions with SS&C management I realized it was probably going to go the same way as Techfi did after the Advent acquisition.  I was getting worried that IAN would be shut down.

It was about this time that I ran into Matt again. &am ... Read More »

By Matt Abar on 1/15/2008 10:33 AM

I want to start the blog off with some background and discuss my motivations for building another portfolio management system. My name is Matt Abar and I was the original founder of Techfi. Techfi made a portfolio management suite that included desktop software (Portfolio 2000) and an Internet service bureau (Advisormart.com). Morningstar and First Trust/FISERV were investors in Techfi and in 2002, we sold it to Advent Software.

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