back Back

Terminus Capital Partners acquires pooled investment fund software company Delta Data

By Edlyn Cardoza

December 27, 2021

  • Accel-KKR
  • Back-end Systems
  • Compliance
Share

TAP Software Holdings, Terminus Capital Partners, Delta Data, FinTech, USATAP Software Holdings, an enterprise software investment vehicle managed by Terminus Capital Partners, recently announced the acquisition of Delta Data, a leading FinTech company specializing in providing back-end solutions processing trillions of dollars in assets for the mutual fund, collective investment trust, and broader public pooled investment fund industry. Founded in 1985, Delta Data technology supports four of the top 10 US banks, four of the top five US retirement recordkeepers, and four of the top five US investment managers.

“Pooled investment funds like mutual funds and collective investment trusts are a $35T industry with complex transfer and trading, data tracking, regulatory compliance, and counterparty management challenges. As the largest pure-play and full-suite provider in pooled fund administration software, Delta Data is uniquely positioned for leadership in this important and dynamic market. We look forward to partnering with everyone on the Delta Data team to maximize customer success, to drive profitable growth, and to achieve Delta Data’s vision of being the best pooled fund software company in the world,” says Alex Western, Managing Director at Terminus Capital Partners.

“Our company plans to leverage this partnership to invest in our infrastructure and support to stay on the vanguard of product delivery while strengthening the capabilities of our industry leading product portfolio. We were one of the few companies that recognized that our industry was in a state of flux several years ago and developed the tools that allow our clients to deliver greater scale with increased oversight and compliance. New client needs for collective investments, international oversight, and new industry compliance initiatives are easily managed with the platform we have developed. We are excited to partner with Terminus Capital Partners, given their enterprise software expertise, for Delta Data’s next phase of growth,” says Whitfield Athey, who will continue as CEO.

The company was acquired from Accel-KKR. The terms of the transaction were not disclosed.

Previous Article

December 27, 2021

ACCA and CFN reveal financial trends from the UK SMEs in approaching 2022

Read More
Next Article

December 27, 2021

Tink completes the acquisition of FinTecSystems

Read More








IBSi Daily News Analysis

March 22, 2024

Accel-KKR

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 26, 2024

LHV Bank launches personal savings product on Hargreaves Lansdown

Read More

March 20, 2024

Smart money app Plum launches Cash ISA with 5.15% AER

Read More

March 15, 2024

Cheddar re-launches loyalty app with instant consumer savings in the UK

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023