ASSURE NAMED AS THE 13TH FASTEST GROWING COMPANY IN UTAH
Rapid revenue growth and achieving $2 billion AUM reflect company’s forward momentum
SALT LAKE CITY (Oct. 30, 2018)Assure, the leading provider of outsourced administrative and transaction services for the private investment marketplace, was just named as the 13th fastest growing company in Utah by the MountainWest Capital Network (MWCN).
Assure, which provides back-office services and innovative technology that allows clients to structure, close and manage deals more efficiently, increased revenues by 126 percent during 2018. The company also recently achieved $2 billion in Assets Under Management (AUM –the total market value of all the financial assets a company manages on behalf of its clients). Assure reached the milestone after only five years, and with unprecedented volume – structuring and managing more than 3,500 deals, with an average investment value of $500,000.
“Assure’s growth can be attributed to our ability to streamline and simplify the deal process so our clients can focus on what they do best,” said Jeremy Neilson, co-CEO of Assure. “We help our clients close deals more quickly, with greater transparency and an improved investor experience.”
MWCN annually recognizes the 100 fastest-growing companies in Utah, which consistently ranks as the best state in the country to do business. This marks the first time Assure, founded in 2012, has received the honor.
The Utah 100 is determined by the percentage of revenue increases over the past four years. The program, which started in 1995, is administered by MWCN, Utah’s first and largest business networking organization devoted to supporting entrepreneurial success and dedicated to the flow of financial, entrepreneurial and intellectual capital.
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Assure is the leading provider of outsourced administrative and transaction services for the private investment marketplace. The company offers professional, high-quality services and innovative software that streamlines setting up, closing and managing back-office fund administration for angel and private asset investing. Assure’s experience and volume significantly outpaces other fund administrators. Their approach, which allows clients to structure and close deals faster, cheaper and with more transparency, helped pave the way for the ascendance of the “super angels,” special purpose vehicles and micro VCs. The company has worked with more than 200 clients, including AngelList, EquityZen, Equidate, Tribeca Angels, Bitwise and Village Global, structuring and closing over 3,500 deals with $2.0 billion assets under management. Assure offers a full suite of services including special purpose vehicle administration, fund accounting and fund taxes, cryptocurrency fund administration, Exempt Reporting Advisor (ERA) services, KYC/AML services, and 506(c) accreditation. For more information about Assure, visit www.assure.co.