Investment management platform Dynamo Software has acquired data capture and reporting solution HoldingsInsight.
Through the acquisition Dynamo hopes to provide its customers with enhanced analysis and due diligence tools. The applications will allow limited partners to use in-depth portfolio holdings data into their Dynamo applications.
Dynamo is a configurable and modular solution for alternative asset managers to help with investment processes. Through the cloud-based platform users are able to optimise collaboration with international clients and increase productivity of general and limited partnerships.
HoldingInsights is a portfolio investment data capture and reporting service, which provides limited partners with portfolio transparency, risk management and investment support.
Dynamo Software CEO Krassen Draganov said, “Acquiring HoldingsInsight is a strategic move aimed at addressing the LP market’s need for a total product offering, combining both software and data. Where data is of high quality, such as the data sourced from custodians and public market feeds, we integrate with these sources. When the data is of poor quality or highly unstructured, as is the case with the portfolios of private funds, we chose to partner with HoldingsInsight and source the data ourselves.”
As part of the acquisition, HoldingsInsight co-founder Momchil Barros-Mitov will head the new data service group at Dynamo.
Last month, Dynamo received an undisclosed majority investment from Francisco Partners. The capital raised will be used to support development and product innovation.
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