Before choosing Eleven, Socium was looking at the state of the fund administration industry and seeing unfavorable trends. Fund administrators were challenged by a lack of differentiation, a struggle to scale operational workflows, limited transparency to clients and ongoing pressures to reduce prices for winning business. Socium believed it could overcome these challenges with the right cutting-edge technology, one that could deliver transformational solutions to both Socium and its clients and their investors.

After conducting extensive competitive research, Socium chose Eleven as its full-cycle investor portal and partner to bring digital transactions in private investments to market. Not only did Eleven's technology best complement Socium’s offering and easily integrate into its technology stack, Socium also saw an agile company with a shared vision that could aggressively respond to Socium’s needs to provide differentiated services, scale operations and grow.

Socium successfully migrated from its prior investor portal technology to Eleven and is currently powering its business, clients and their investors through Eleven. Not only has Socium been leveraging Eleven's capabilities to achieve its aggressive growth targets, Eleven has also been enabling Socium to streamline operations, enhance security, transparency and compliance and deliver world-class client service.