Delta Data (a Terminus Capital Partners company) and trusted provider of pooled fund and mutual fund software solutions announced the acquisition of Phoenix Systems, a fintech firm specializing in global mutual fund transfer agent, sub-accounting, and trading software solutions. This deal highlights Delta Data’s goal of delivering mission-critical solutions to the pooled fund sector.
With an operating history of 40+ years, Phoenix Systems has a major presence in the global financial services industry, specializing in delivering software solutions to a diverse clientele such as third-party transfer agents, banks, insurance companies, investment advisers, retirement plan processors, and brokers.
By combining with Phoenix’s expertise into Delta Data, it would significantly expand the breadth of solutions available to Phoenix and Delta Data clients. And Phoenix’s global presence in Europe, Australia, the Caribbean, and Canada enables Delta Data to expand internationally for the first time.
With this second strategic acquisition within a year (acquired National Quality Review in August 2023, which is an authority in delivering unbiased insights into third-party shareholder servicing, distribution, custody, and other major operations to leading US financial institutions), Delta Data solidifies its position as an industry leader and trusted partner in the pooled fund solutions sector. These strategic deals emphasizes Delta Data’s dedication to innovation.
KEY QUOTES:
“We are excited to welcome Phoenix Systems and its esteemed clients into the Delta Data family. At Delta Data, our mission is to build the most trusted and comprehensive mutual fund/pooled fund software company. Adding Phoenix Systems to our suite of solutions is the next step toward that goal. Phoenix’s products, world-class clients, and committed team of industry experts build on Delta Data’s leading position in our market. Bringing these companies together allows us to enhance our service to legacy Phoenix and existing Delta Data clients, demonstrating our dedication to client value, while offering an unparalleled solution to future clients.”
- Cameron Routh, CEO of Delta Data
“At Phoenix, our mission has always been to streamline the workflow around mutual fund transaction processing and the account recordkeeping associated with it. Like Delta Data, our focus is increasing efficiency for our clients, helping them run their businesses smarter and faster. We are excited to join Delta Data as it leads the way in terms of servicing the pooled fund industry.”
- Alex Monica, CEO of Phoenix Systems
“We are thrilled to acquire and partner with Phoenix Systems. This acquisition expands Delta Data’s capabilities in fund trading and adds record-keeping to Delta Data’s solution set. Both strategic and complementary, it is another exciting investment behind our vision to create the leading software provider in the pooled fund space. Moreover, Phoenix’s strong international presence allows Delta Data to accelerate its global strategy, a critical avenue for additional growth.”
- Alex Western, Managing Director at Terminus Capital Partners
