The addition of the new set of solutions expands Delta Data’s influence in the global mutual fund arena
BOSTON and COLUMBUS, Ga., March 12, 2024 /PRNewswire/ — Delta Data, a Terminus Capital Partners company and trusted provider of software solutions for mutual funds and mutual funds, is proud to announce its acquisition of Phoenix Systems Inc., a fintech company specializing in global mutual fund transfer agents, sub-accounting, and software solutions for trading. The acquisition reinforces Delta Data’s mission to deliver leading solutions for the pooled funds industry.
With an operating history of over 40 years, Phoenix Systems has an established presence in the global financial services industry, specializing in the delivery of advanced software solutions to a diverse clientele, including third-party transfer agents, banks, insurance companies, investment advisors, pension plan processors and brokers. Integrating Phoenix Delta Data’s expertise fosters valuable synergies, significantly expanding the breadth of solutions available Phoenix and Delta Data clients. Phoenix global presence in Europe, Australiathe Caribbeanand Canada enables Delta Data to expand internationally for the first time in the company’s already distinguished history.
“We are excited to welcome Phoenix Systems and its valued customers to the Delta Data family,” he stated Cameron RouthCEO of Delta Data. “At Delta Data, our mission is to build the most trusted and comprehensive mutual fund/mutual fund software company. Adding Phoenix Systems to our suite of solutions is the next step towards that goal. Phoenix products, world-class clients and a dedicated team of industry experts build Delta Data’s leading position in our market. The merger of these companies allows us to enhance our legacy service Phoenix and existing Delta Data clients, demonstrating our commitment to client value, while offering future clients an unmatched solution.”
“At Phoenix, our mission has always been to streamline the workflow around mutual fund transaction processing and related account record keeping,” he said. Alex MonicaCEO of Phoenix Systems, Inc. “As 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 a leader in serving the mutual fund industry,” added Monica.
With this second strategic acquisition within a year (in August 2023, Delta Data acquired National Quality Review, a recognized authority on providing unbiased insights into third-party shareholder services, distribution, custody and other major operations to leading US financial institutions), Delta Data solidifies its position as an industry leader and trusted partner in sector of solutions for consolidated funds. These strategic moves underscore Delta Data’s unwavering commitment to excellence and innovation, ensuring that it will continue to shape and redefine industry standards for service and reliability.
“We are thrilled to purchase and partner with Phoenix Systems. This acquisition expands Delta Data’s fund trading capabilities and adds recordkeeping to Delta Data’s suite of solutions. Both strategic and complementary, it is another exciting investment behind our vision of creating the leading software provider in the mutual fund space “, He said Alex WesternDirector of Terminus Capital Partners. “Moreover, Phoenix A strong international presence enables Delta Data to accelerate its global strategy, which is a key path for additional growth.”
For more information about Delta Data and its expanded suite of solutions, visit www.deltadata.com.
Contact for Delta Data Media:
Claudine Martin
SVP Marketing
[email protected]
508-341-2123
www.deltadata.com
About Delta data
Delta Data is a trusted provider of technology solutions to the mutual fund and pooled fund industry, processing trillions of dollars in assets for top financial institutions.
Our industry-proven SaaS integrated suite is trusted by four of the top 10 US banks, three of the top five US retirees and 23 of the top 25 US wealth managers. We empower financial firms to navigate the complex regulatory landscape and mitigate risk through efficient data management and streamlined automation. Join the ranks of industry leaders and take advantage of our innovative, proven solutions.
About Phoenix Systems, Inc
Since 1981, Phoenix Systems has been developing software applications for the global financial services industry. Phoenix clients include mutual funds, third-party transfer agents, banks, insurance companies, investment advisers and brokers, and nearly all companies that manage mutual funds and their related accounts. Phoenix applications process thousands of investment funds and millions of customer accounts representing almost half a trillion in assets for our clients worldwide! find out more
About Terminus Capital Partners
Terminus Capital Partners is a growth-oriented private equity firm focused on business software companies, founded in 2017 and headquartered in Atlanta, GA. Distinguished by its industry expertise, sourcing engine, operations manual and buy-build methodology, Terminus strives to be the ultimate partner for capital providers, bankers and management teams in the enterprise software sector.
SOURCE Delta data
