Indus Valley Partners (IVP), a global provider of software and technology solutions to the world’s most sophisticated investment managers backed by PPC Enterprises (PPC), which is 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. The terms of the deal were undisclosed.
Launched in 2002 and headquartered in New York, IntegriDATA helps 80+ alternative asset managers including hedge funds, private equity firms and fund administrators, service over $2 trillion of AUM using its software solutions to improve operational efficiency and reduce risk. And IntegriDATA specializes in expense allocation, payment automation, and collateral management solutions.
This acquisition 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 $5.5+ trillion of AUM managed using its technology.
Combining IVP and IntegriDATA will create the largest market share in expense allocation software for private market players. And this powerful platform will enable fund managers to digitize complex expense allocation rules, ensuring compliance with fund expense policies. It will also enable 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 served as legal counsel to IVP and NovitasFTCL served as exclusive financial advisor, Finn Dixon & Herling served as legal counsel to IntegriDATA.
KEY QUOTES:
“Alternatives managers continue to seek solutions that can increase their efficiency and control while lowering operational costs. Combining IVP’s and IntegriDATA’s cloud platforms creates a category leader in software for the alternatives industry. When coupled with IVP’s “digital first” managed services platform, public and private markets managers are enabled to confidently scale their AUM, asset and capital pool complexity.”
– Gurvinder Singh, Founder & Chief Executive Officer of IVP
“We are excited to join forces with IVP. Together, our shared vision and combined strengths will enable us to deliver more comprehensive solutions for our investment management clients.”
– Mitch Schulman, Founder & Chief Executive Officer of IntegriDATA
“We are pleased to support IVP’s acquisition of IntegriDATA. We believe the combined company will provide leading technology and services in expense management, payment and treasury solutions, areas that are very important to alternative asset managers.”
– Thomas Uger of PPC
