BetaNXT, a wealth management technology solutions company with real-time data capabilities and an enhanced advisor experience, announced that certain affiliates of BetaNXT have acquired Delta Data, a provider of global investment fund solutions. And with the acquisition, BetaNXT continues to strengthen its ecosystem of wealth management technology solutions.
Founded in 1985, Columbus, GA-based Delta Data specializes in offering operational software solutions tailored to three primary segments of the asset management industry—fund distributors, asset managers and transfer agents. And its technology supports and streamlines mutual fund transaction processing and related data management, driving efficiency and mitigating risk. Its existing customers include four of the top 10 U.S. banks, three of the top five U.S. retirement plan recordkeepers, and 23 of the top 25 U.S. asset managers.
Backed by Clearlake Capital Group and Motive Partners, BetaNXT combines wealth management solutions into a single, integrated platform. Delta Data’s technology solutions will be fully integrated with BetaNXT DataXChange, which simplifies the exchange of data for wealth management firms and their partners. By streamlining all data within a flexible and connected experience, DataXChange helps optimize the value that data can bring to fund distributors, asset managers, transfer agents, as well as their clients and partners.
Advisors: BetaNXT was advised by Sidley Austin. Delta Data was advised by D.A. Davidson LP and JonesSpross.
KEY QUOTES:
“We are always enthusiastic about acquiring enterprises that improve the client experience. Delta Data’s products, and commitment to simplifying investment fund processing and oversight through innovative technology that enables data connectivity, will enhance our ability to address pain points for a broader spectrum of clients in the asset and wealth management industry.”
Bob Santella, CEO of BetaNXT
“Joining forces with BetaNXT is the next logical step in our ongoing growth and expansion. We believe that BetaNXT’s solutions, which power the Connected Wealth experience, will take our offerings for the mutual fund and pooled fund space to the next level, and allow the distributors, asset managers and transfer agents we work with to do more with their data than they ever imagined.”
Cameron Routh, CEO of Delta Data
