Asset Control has a new owner 07 August 2013Los Angeles Reporter: Mark Dugdale
Image: Shutterstock
Investment firm Marlin Equity Partners is moving into the data software game after purchasing Asset Control.
The Netherlands-based data management software firm provides solutions covering market and reference data to financial institutions. It has offices in many financial centres and has more than 60 blue-chip customers.
“We are excited to add another successful and respected business like Asset Control to our growing European portfolio,” said Shawn McMorran, managing director of Marlin’s London office. “Asset Control represents an excellent platform for growth in the data management and financial services software industry and is perfectly placed to take advantage of the cost and regulation driven growth in data management requirements at financial institutions.”
Asset Control CEO Dean Goodermote added that Marlin’s investment will enable the firm to “improve [its] data management solutions by accelerating new product and service initiatives".
“Marlin’s operational resources and financial services software experience make them the ideal partner to help us in our next phase of growth.”
The financial details of the transaction were not disclosed.
Los Angeles-based Marlin, which has more than $2.6 billion in capital under management, has completed more than 65 acquisitions since its inception.
It acquired eHealth Solutions, a provider of integrated clinical software solutions to the long-term and post-acute care market, at the end of July.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 