KSIX Becomes App-X's Second Social Exchange Client
Online, June 27, 2011 (Newswire.com) - The Kenyan Social Investment Exchange (kSIX) agreed today to become App-X's second social exchange client and the first that will be adopting both the AIM and PULSE platforms. AIM will be used to manage information on potential listing companies and on potential sources of capital. PULSE will act as a due diligence tool for potential investors, providing up to date information on the performance of investments on the exchange.
KSIX was established in 2009 as a company limited by guarantee and is based in Nairobi, Kenya. KSIX brings social enterprise and investors together in order to maximize social and environmental benefits combined with financial returns. The Kenya Social Investment Exchange (KSIX) was formed to meet the following objectives:
-Providing a platform that brokers deals between social purpose enterprises on one hand and interested investors on the other hand, by doing so, actively fosters the growth of triple bottom line enterprises that are structured to yield social, environmental and financial returns
-Working for the creation of pro-social investment policy changes that would further stimulate the growth of this sector
-Generating information on and analysis of the sector by bringing together useful and credible analysis on trends and development in the social investment sector in Kenya, Africa and globally.
Application Experts, LLC (App-X) is the leading provider of flexible web-based solutions for Alternative Asset Fund Managers and Institutional Investors.
App-X was founded in 2006 by Kevin Kelly and Joe McVicker. At that time, Kevin was working as an outsourced CTO for what is now a $2 billion fund of funds in Chicago and he identified the need for a web-based, specifically-tailored solution for the front- to mid-office of Private Equity and Venture Capital fund managers and funds of funds.
In 2008, App-X participated in TechStars, a startup incubator based in Boulder, Colorado. Led by the mentorship of the founders of such companies as Tumblr, whitepages.com, and foursquare, the TechStars program helped App-X solidify the initial build-out of the AIM product and refine a go-to-market strategy.
App-X is headquartered outside of Denver with offices in Boston and Chicago.