Intapp, has announced the acquisition of DealCloud, a firm which specialises in CRM and deal management for investment banking and private equity firms.

DealCloud’s previous investors include FINTOP Capital, Hamilton Lane and Cultivation Capital.

This new acquisition continues Intapp’s mission to create “a vertical industry platform for the professional services sector”. DealCloud will strengthen Intapp’s financial services presence. Together, Intapp and DealCloud’s offerings will provide “a comprehensive, cloud-based client life cycle platform that will manage all phases of client relationships throughout the professional and financial services transaction ecosystem”.

“We are very pleased to join with the DealCloud team to better support an increasingly integrated and collaborative professional and financial services industry,” said John Hall, CEO of Intapp. “There are a lot of moving parts when private equity firms, investment banks, lawyers, accountants, consultants and other advisory professionals work together to manage client transactions, projects and outcomes successfully. Bringing DealCloud’s business development and CRM capabilities under the Intapp umbrella enhances our ability to meet the specific needs of professionals in this unique ecosystem.”

“Today’s leading capital markets firms are supported by a global network of legal, accounting and consulting firms that provide essential professional services to enable deal success. Firms in these industries share the same go-to-market and deal execution process with clients,” said Rick Kushel, CEO of DealCloud. “Working together with Intapp – and being able to leverage its market position and much larger balance sheet – gives us the critical mass we need to see our vision become reality across the entire industry.”

“Intapp’s position as the market leader for the professional services industry, coupled with the work we’ve done at DealCloud in financial services, creates a truly one-of-a-kind company with the ability to transform how deal-making is done,” added Ben Harrison, DealCloud’s co-founder. “Our shared vision convinced us that Intapp is the best home for the DealCloud team and technology.”

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: