iAltA Holdings, a New York-based private markets infrastructure company, has acquired Precept, an AI-powered integration platform purpose-built for wealthtech and fintech companies. The deal marks iAltA’s second acquisition within its Wealth vertical, following the acquisition of BridgeFT in January 2026. Financial terms were not disclosed.
Precept allows product and engineering teams to access and deploy integrations across custodians, clearing firms, TAMPs, CRMs, portfolio management systems, analytics platforms, and data providers in real time without custom engineering. The platform uses standardized Portable Data Mapping files and an AI agent that generates new integrations in real time using existing resources such as API documentation. The approach is designed to eliminate the development backlogs and long maintenance cycles traditionally associated with system integrations, allowing firms to respond to integration requests at scale regardless of whether underlying data sources are modern APIs, legacy flat files, or scanned documents.
iAltA was launched in 2025 by founding partners Scott Ganeles, Bill Sherman, and Bill Crager, with backing from Laurence Tosi’s WestCap. The company operates a holding structure in which each subsidiary operates independently while contributing to a unified digital ecosystem. Its Private Markets vertical has acquired Verivend, Betterfront, and Delio over the past year, while the Wealth vertical now comprises BridgeFT and Precept.
KEY QUOTES:
“Precept solves one of the most persistent constraints in wealthtech: slow, expensive, and brittle integrations. By combining BridgeFT’s market leadership and Precept’s innovations, iAltA is in a strong position to unify the infrastructure that underpins public and private markets.”
Bill Crager, Founding Partner, iAltA Holdings
“Our mission from day one has been to deliver deep integrations across any system in real-time. This required us to completely reconsider the approach for building, upgrading and maintaining integrations. Joining iAltA will accelerate delivery of Precept’s approach across public and private market platforms.”
Mark Ovaska, Co-Founder and CEO, Precept
