Indus Valley Partners (IVP), a global provider of software and technology solutions to the world’s most sophisticated investment managers backed by PPC Enterprises, a specialist middle-market private equity firm and minority investor in IVP, announced that it has agreed to acquire IntegriDATA, a leader in alternative investment software solutions.
Terms of the acquisition were “not otherwise disclosed.”
Founded in 2002 and headquartered in New York, IntegriDATA helps “over 80+ alternative asset managers including hedge funds, private equity firms and fund administrators, service more than $2 trillion of AUM using its software solutions to improve operational efficiency and reduce risk.”
IntegriDATA specializes in expense allocation, “payment automation, and collateral management solutions.”
The acquisition of IntegriDATA further “strengthens IVP’s asset management offering, positioning the IVP Group as a leading player in asset management technology, software and managed service solutions.”
Combined with IntegriDATA, IVP has “over $5.5 trillion of AUM managed using its technology.”
The combination of IVP and IntegriDATA will “create the largest market share in expense allocation software for private market players.”
This powerful platform will enable fund managers “to digitize complex expense allocation rules, ensuring compliance with fund expense policies.”
It will also allow funds to confidently “scale their AUM and number of funds or vehicles, while providing a transparent process for regulators and investors to review.”
Simpson Thacher & Bartlett LLP served “as legal counsel to IVP and NovitasFTCL served as exclusive financial advisor, Finn Dixon & Herling LLP served as legal counsel to IntegriDATA.”
As noted in the update, IntegriDATA is a financial technology software company dedicated to helping the investment management industry “improve operational efficiency and reduce risk. IntegriDATA specializes in expense allocation, payment automation, and collateral management solutions.”
IntegriDATA clients include “hedge funds, private equity firms, fund administrators, institutional investors, and mutual funds.”
IntegriDATA software helps the investment management industry service “over $2 trillion AUM. For more information, visit integri-data.com.”
