ServFund, an Egypt-based provider for fund administration services, has selected Microgen 5Series for its fund administration business.

The partnership will provide ServFund a quality, secure and reliable solution to support its business through continued growth and to meet its long-term software needs.

As part of the deal, Microgen 5Series will use a modern technology to deliver a tightly integrated and flexible fund administration software solution with efficient task and workflow management.

Gamal Moharam, chairman of ServFund, said: "Microgen 5Series is a functionally rich solution with the flexibility to meet future requirements. The Microgen 5Series Secure Web Portal also presents exciting opportunities to improve communication options for our clients."

Founded in 2009, ServFund offers fund administration services for fund managers in the Egyptian market.

Microgen Financial Systems is a UK-based provider of software to the global fund administration industry with a customer base spanning 27 countries globally.

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