TIAA-CREF Implements eFront's FrontInvest to Support Private Equity Investment Operations by vspr

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									TIAA-CREF Implements eFront's FrontInvest to Support Private Equity
Investment Operations

eFront, a leading software solutions provider for the financial industry,
today announced that TIAA-CREF, a national financial services
organization and leading provider of retirement services for the non-
profit world, has implemented eFront's FrontInvest.

New York, NY, May 05, 2010 -- eFront, a leading software solutions
provider for the financial industry, today announced that TIAA-CREF, a
national financial services organization and leading provider of
retirement services for the non-profit world, has implemented eFront's
FrontInvest. ( http://www.efront.com ) FrontInvest is a software suite
for alternative asset management.

TIAA-CREF ( http://www.tiaa-cref.org ) is utilizing FrontInvest to
support its private equity investment operations through the
implementation of a private equity fund accounting system. This system
processes, controls, monitors, maintains and reports on the accounting
records of TIAA's (and its subsidiaries') Private Equity Funds portfolio
using Statutory Accounting Principles (SAP). FrontInvest will enable
TIAA-CREF to integrate the organization's accounting and front office
processes within a single, global information system that includes:
contact management, deal flow tracking, fund administration, investor
management, accounting and reporting dashboards.

"FrontInvest is a significant upgrade as we now have access to a Web-
based, scalable solution with a wide range of functionalities to cover
multiple assets in an integrated manner," said Andrew Miller, Director,
Asset Management Enterprise Application Services - Global Real Estate &
Private Markets, TIAA-CREF. "This professional software solution will
improve our internal processes, enable us to manage the ever increasing
complexity of our business and accounting activities and in turn, enhance
the service we provide to our clients."

"We are very pleased to have TIAA-CREF as a client and its implementation
of FrontInvest is testimony to the hard work of our team in New York and
the benefits that eFront's software solutions deliver," said Laurent
Bréboin, Chief Operating Officer, eFront. "As a leading provider in North
America, we are in a strong position to address the current market
expectations for a single Front-to-Back solution covering multiple
alternative assets like Private Equity and Real Estate."

About TIAA-CREF:
TIAA-CREF ( http://www.tiaa-cref.org ) is a national financial services
organization with $414 billion in combined assets under management
(12/31/09) and the leading provider of retirement services in the
academic, research, medical and cultural fields.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal
Investors Services, Inc., members FINRA, distributes securities products.

About eFront:
eFront is a leading software provider of solutions dedicated to the
financial industry with a recognized expertise in Alternative Investments
and Risk Management. eFront's solutions serve over 200 customers in more
than 28 countries, including major companies in the Private Equity, Real-
Estate Investment, Banking and Insurance sectors. Founded in 1999, eFront
has offices in New York, Montreal, London, Paris (HQ), Dubai, Bonn and
Jersey. eFront is a public company listed on NYSE Euronext.
http://www.efront.com.

Vitit http://www.efront.com for more details.

Press Contact:
Sean Martin
Imsmartin Consulting
909 3rd Avenue, Suite 507
New York, NY 10022
+1 646 495-3094
press.efront@imsmartinc.com
http://www.efront.com

frontinvest, private equity investment, software solutions, retirement
services, private equity fund, national financial services, eFront, TIAA-
CREF

								
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