Profund Becomes Independent
Believing Profund to be a profitable and growing business, a select group of in-house managers levied the necessary cash to purchase the U.S. division of the company from its U.K. owners. As a result, in September, 2005, Profund successfully underwent a management buy out and is now wholly owned by its U.S. employees and board of directors.
This purchase has been a seamless transition for our clients, as we have solidified our right to sell and support the Profund Classic software and arranged the necessary support resources for our entire client base. In fact, as we move forward in the development of the company, clients will see many improved services and ground breaking new products.