BetaNXT Acquires Delta Data

Delta Data Acquires Phoenix Systems Inc.

March 12, 2024

Financial Services

Delta Data, a Terminus Capital Partners company, acquired Phoenix Systems Inc., a fintech provider of global mutual fund transfer agent, sub-accounting and trading software. The deal expands Delta Data’s product capabilities into fund trading and record-keeping and accelerates its international footprint across Europe, Australia, the Caribbean and Canada.

Clearlake Capital and Motive Partners Acquire BETA+ Assets from London Stock Exchange Group

July 1, 2022

Financial Services

Clearlake Capital and Motive Partners agreed to acquire the BETA+ assets (BETA, Maxit, and Digital Investor) from London Stock Exchange Group and have completed the transaction, launching the combined business as BetaNXT. The Sponsors will operate BetaNXT as a standalone wealth management technology platform and pursue a buy-and-build strategy supported by a long-term strategic partnership with LSEG for data and content.

TAP Software Holdings (Terminus Capital Partners) Acquires Delta Data from Accel-KKR

December 23, 2021

Software

TAP Software Holdings, an enterprise software investment vehicle managed by Terminus Capital Partners (with participation from Petrus Asset Management Company), has acquired Delta Data, a pooled investment fund administration software provider, from Accel-KKR. Delta Data — founded in 1985 and serving major banks, retirement recordkeepers, and investment managers — will continue to be led by CEO Whitfield Athey as the buyer invests in product and infrastructure to drive growth.

Delta Data Acquires National Quality Review (NQR)

August 23, 2023

Financial Services

Delta Data, a Terminus Capital Partners company, has acquired National Quality Review (NQR) to expand its pooled asset and mutual fund software suite with NQR's third-party oversight and benchmarking services. The acquisition integrates NQR's transfer agent, intermediary, and service provider insight offerings into Delta Data's Asset Management Suite, strengthening its capabilities for major US asset managers.

BetaNXT (Clearlake & Motive-backed) Acquires Mediant Communications

March 1, 2023

Software

Certain affiliates of BetaNXT, the Clearlake Capital- and Motive Partners-backed wealth management software platform, have acquired Mediant Communications, a provider of investor communications technology and technology-enabled solutions. The acquisition will expand BetaNXT's wealth management platform by adding investor communications and proxy solutions, integrating Mediant's digital-forward capabilities into BetaNXT's suite of front-, middle- and back-office offerings.

NTT DATA Services Acquires Nexient

May 18, 2021

IT Services

NTT DATA Services has entered an agreement to acquire Nexient, a U.S.-based cloud-native, product-minded agile software services firm, to expand its Application Development & Modernization capabilities. Nexient will join NTT DATA's digital practice, bringing full-stack product development, agile teams and U.S.-based delivery centers (including Ann Arbor, MI and Columbus, OH); the deal was announced May 18, 2021 and is subject to customary closing conditions.