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Communica extends our [Dynamo Software's] presence in the European hedge fund market and adds to our recent expansion in Europe and Asia.
BOSTON, MA, July 03, 2019 /24-7PressRelease/ -- Dynamo Software, a premier provider of software and data solutions for the alternative investment industry, announced today that it has acquired Communica, the products subsidiary of Digiterre. Communica has been a significant force in the alternative investments sector since 2005, providing CRM, investor servicing and compliance software for some of the largest and high-profile hedge funds, private equity firms, prime brokers and fund administrators worldwide. Today, Communica has clients in Europe, North America, and Asia.
"We are excited to welcome Communica to the Dynamo family," commented Hank Boughner, Dynamo's CEO. "Communica's knowledgeable team and impressive client base are a perfect fit with the Dynamo Platform. Communica extends our presence in the European hedge fund market and adds to our recent expansion in Europe and Asia."
Communica Founder and CEO, Ian Murrin built the Communica business to address the communication, capital raising and compliance needs of the hedge fund sector. Today, Communica services clients managing nearly $1.5 Trillion in AUM and AUA. Mr. Murrin commented: "We are delighted that Communica will be joining forces with Dynamo, whose substantial financial backing, expanding global footprint and experience of delivering world-class investment management software to the alternatives community will ensure that Communica's clients are well-supported and well-serviced for many years to come. I want to take this opportunity to thank Communica's incredible staff and wonderfully loyal clients for their support and commitment throughout the journey so far, in our quest to build the very best possible solution for our industry."
The acquisition further expands Dynamo's rapidly growing global presence, including both organic growth and recent acquisition activity. Dynamo services customers on a global scale with offices and staff in London, Singapore, Hong Kong, Sofia, and Boston (HQ).
Specific terms of the deal were not disclosed.
About Dynamo Software
Dynamo Software has provided industry-tailored, highly configurable investment management, reporting and data management software solutions to the global alternative investment industry since 1998. In 2017, Francisco Partners invested in Dynamo to further drive the product platform and overall global growth. Dynamo provides cloud software solutions across the alternative investment ecosystem, including: private equity and venture capital funds, hedge funds, real estate funds, foundations, endowments, pension funds, fund of funds, prime brokers, fund administrators, and family offices. The Dynamo™ platform has improved the productivity of fundraising, deal, research, investor servicing, portfolio management, accounting and compliance teams worldwide. Collectively, Dynamo has well over 500 clients that manage over $3 trillion in assets.
Communica is the products business of Digiterre which was established in 2000 to deliver software products and services to many of the world's largest banks, hedge funds, asset managers, fund of funds, fund administrators, and prime brokers. Digiterre will continue to provide professional services and custom software solutions to these sectors following the acquisition of Communica by Dynamo Software.
To learn more about this acquisition, please contact: Travis LeSaffre at [email protected]
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