Eton Solutions Lands First India Family Office Client For ERP Platform

Tom Burroughes

11 July 2024

Eton Solutions, which provides cloud-based services for family offices, has launched its enterprise reporting platform, AtlasFive, in India. It also announced that the launch client is Catamaran, the family office of Infosys’s founder, Narayana Murthy.

The US-headquartered tech firm, created by US multi-family office Eton Advisors about a decade ago, also aims to set up a presence in GIFT City, Gujarat, in the near future, it said in a statement this week.

Eton Solutions has been present in India for the past five years with more than 300 employees at its global financial technology center in Bengaluru.

Catamaran will use Eton Solutions' AtlasFive® platform to streamline its investment portfolio management and enhance operational planning, reporting and compliance, Eton Solutions said.

The platform manages $781 billion for 665 families worldwide.

“The emergence of India as a financial powerhouse with the third largest concentration of billionaires in the world after China and the USA, fits squarely with Eton Solutions’ international expansion plans,” Satyen Patel, executive chairman of Eton Solutions, said. “India is a critical market within our global growth strategy, and we are bullish about the opportunities in this geography, and about servicing the diaspora internationally from India.”

In June, Eton Advisors named Tamara Surratt as a member of its leadership team, coming a few weeks after the MFO named Brian Hughes as president.

Eton Advisors created Eton Solutions almost a decade ago. This entity, its creators say, enables new levels of process efficiency, data accuracy and accessibility, and risk reduction for ultra-high net worth family wealth management offices. Formed in 2015, Eton Solutions moved to the Microsoft Azure cloud in 2020. It covers tasks such as ledgers, bill payments, financial reporting, and CRM systems.

In May last year, Eton Solutions launched what it said was an industry-first Administrative Family Office ™. This is for ultra-high net worth families, starting from $25 million in assets, offering the same capabilities as large SFOs, the firm said. In September 2023, Eton Solutions opened an office in the United Arab Emirates; it also established an international headquarters in Singapore.