Indus Valley Partners (IVP), a leading global provider of technology solutions for investment managers, announced its acquisition of IntegriDATA, a prominent alternative investment software provider. This strategic move strengthens IVP’s position in the asset management technology market, creating a combined entity managing over $5.5 trillion in assets under management (AUM).
IVP, backed by private equity firm PPC Enterprises, gains significant market share in expense allocation software for private markets through this acquisition. IntegriDATA’s expertise in expense allocation, payment automation, and collateral management complements IVP’s existing suite of solutions. This synergy allows IVP to offer a comprehensive platform that addresses the growing needs of alternative investment managers.
This acquisition empowers fund managers to digitize complex expense allocation rules, ensuring compliance and scalability. The integrated platform enables transparent processes for regulators and investors, fostering trust and efficiency.
Gurvinder Singh, CEO of Indus Valley Partners, emphasized the increasing demand for efficiency and cost reduction in the alternatives industry. The combined platforms of IVP and IntegriDATA create a leading software solution for this sector, further enhanced by IVP’s “digital first” managed services platform. This comprehensive offering allows public and private market managers to confidently navigate increasing AUM, asset, and capital pool complexities.
Mitch Schulman, CEO of IntegriDATA, expressed enthusiasm about joining forces with IVP, highlighting the shared vision of delivering comprehensive solutions to investment management clients. The acquisition fosters a collaborative environment where expertise and resources converge to provide enhanced value.
Thomas Uger of PPC Enterprises expressed confidence in the combined entity’s ability to deliver leading technology and services in expense management, payment, and treasury solutions – crucial areas for alternative asset managers. The acquisition aligns with PPC’s investment strategy focused on growth and innovation within the financial services sector.
The legal and financial advisors for the transaction included Simpson Thacher & Bartlett LLP for IVP, NovitasFTCL as exclusive financial advisor to IVP, and Finn Dixon & Herling LLP for IntegriDATA. These reputable firms ensured a smooth and successful transaction process.
IntegriDATA, founded in 2002 and headquartered in New York, serves over 80 alternative asset managers, including hedge funds, private equity firms, and fund administrators. Their software solutions contribute to improved operational efficiency and risk reduction for clients managing over $2 trillion in AUM.
Indus Valley Partners provides enterprise-wide technology solutions, consulting, and managed services to over 160 prominent fund managers globally. With over $4.2 trillion in AUM managed using IVP’s technology, the company’s expertise spans data management, trade management, analytics, reporting, and data governance. Headquartered in New York and Noida, India, IVP operates across five time zones with a global presence.
PPC Enterprises, a New York City-based private equity firm, invests in various sectors, including business and financial services, industrial services, and healthcare services. Their strategic investments focus on companies with strong growth potential and a commitment to innovation.
