SS&C Technologies, a global provider of financial services software and software-enabled services, has acquired TheNextRound, a provider of software solutions for the private equity and alternative investment communities.
SS&C has said that the acquisition extends and complements its private equity software and services offering for the alternative investment management market.
Bill Stone, chairman and CEO of SS&C Technologies, said: “TheNextRound is an excellent addition to the SS&C portfolio. We are now well positioned to offer a comprehensive end-to-end private equity and alternative investment management solution.”
Vipul Minocha, president of TheNextRound, said: “We are very pleased to be joining forces with SS&C. SS&C has a solid understanding of the TNR offering and the alternative investment management marketplace. SS&C’s global presence and financial strength in the alternative investment segment will enhance TNR’s position as a strong leader and allow us to retain our technology edge and provide better support for our clients.”
TheNextRound (TNR) is a software provider for the private equity, family office, real estate partnership and alternative management space. TNR’s product, TNR Solution, is an enterprise solution that supports the full breadth of front to back office capabilities, including partnership accounting, investor relations, CRM, fundraising, deal, fund and portfolio management, GL and reporting for fund managers, investors, and fund investors.
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