Intapp has acquired DealCloud, a CRM and deal management provider for investment banking and private equity firms.
Through the deal, DealCloud will help bolster Intapp’s presence within the financial services market. Working together, the companies will deliver a cloud-based client life cycle platform to manage client relationships throughout the professional and financial services transactions.
Intapp supports professional services and capital markets firms across the client lifecycle. Its solutions help firms to increase client numbers, manage risk and compliance, and improve operations.
Founded in 2011, DealCloud provides deal management, workflow, and technology solutions to capital market firms. Its clients include private equity and growth capital firms, sell-side banks, publicly traded companies and debt capital investors.
The company offers a digital and mobile platform to give easy access to sourcing and origination data to help a firm monitor potential targets and keep up with active deals. Its solution also supports a firm’s fundraising, sponsor and intermediary coverage and its client relationships.
Intapp CEO John Hall said, “There are a lot of moving parts when private equity firms, investment banks, lawyers, accountants, consultants and other advisory professionals work together to manage client transactions, projects and outcomes successfully. Bringing DealCloud’s business development and CRM capabilities under the Intapp umbrella enhances our ability to meet the specific needs of professionals in this unique ecosystem.”
Previous investors in DealCloud included FINTOP Capital, Hamilton Lane and Cultivation Capital.
Last year, DealCloud raised a $4.5m investment, and brought the company’s total funding efforts to $9.9m.
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