Dynamo Software Acquires Smonik Systems
July 26, 2022
Dynamo Software has acquired Smonik Systems, a provider of data management and reconciliation software, to enhance Dynamo’s data automation capabilities for the alternative investment industry. The acquisition integrates Smonik’s automated data collection, extraction, validation, and reconciliation tools into Dynamo’s cloud platform; Dynamo is backed by Blackstone and Francisco Partners.
- Buyers
- Dynamo Software, Inc., Blackstone, Francisco Partners
- Targets
- Smonik Systems LLC
- Platforms
- Dynamo Software, Inc.
- Industry
- Software
- Location
- Massachusetts, United States
- Transaction Type
- Addon
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