ROCHESTER, N.Y., Dec. 26, 2012 /PRNewswire-iReach/ -- ClearMomentum, Inc., the industry-leading provider of private equity portfolio management software, is pleased to announce that Dan Dykens has been appointed as the company's new President and CEO. With nearly two decades of experience in the financial technology and hedge fund industries, Dan replaces ClearMomentum founder and CEO John Grabski, who will continue to serve as the company's chairman of the board.
"After searching for nearly two years for a CEO candidate with deep domain expertise, leadership skills and a passion for customer service, we successfully engaged with one of the most talented CEOs in the industry," said Grabski. "We could not be more pleased with having Dan on board to take ClearMomentum to the next level."
"I'm excited to have an opportunity to lead the company with the strongest technology in this marketplace", said Dykens. "I look forward to strengthening our infrastructure, leadership team and balance sheet to help support our strong growth and solidify a dominate market position."
Prior to ClearMomentum, Dan was the founder and President of Meet the Street LLC, a technology company which served as an online matching platform to electronically schedule meetings between institutional investors and corporate executives to economize the investment roadshow process (acquired by Instinet). Dan also spent four years as CEO of research management software provider Norbury Financial Systems. Earlier in his career, Dan spent a decade on the buy side as a trader, analyst and portfolio manager. Dan was the managing partner and co-founder of Boston-based long/short US equity hedge fund Clipper Capital Management, LLC. At Clipper, Dan produced risk-adjusted rates of return that were in the top decile across all hedge fund strategies and Dan was named as a rising hedge fund star by Institutional Investor. Dan was also named to the Boston Business Journal's "40 Under 40" in 2007.
Dan holds a BBA degree with a concentration in finance from the University of Notre Dame.
ClearMomentum developed the first private equity portfolio management solution used to eliminate the non-value adding tasks associated with collecting, analyzing, reporting and distributing portfolio company data. Leveraging a single data repository, ClearMomentum offers a variety of solutions that enable fund managers to provide the highest levels of data transparency, accuracy and timeliness to institutional investors, compliance groups and key stakeholders.
SOURCE ClearMomentum, Inc.