Latest news with #BetaNXT
Associated Press
2 days ago
- Business
- Associated Press
D.A. Davidson & Co. Acts as Exclusive Strategic and Financial Advisor to Delta Data on Their Sale to BetaNXT
NEW YORK--(BUSINESS WIRE)--Jun 4, 2025-- D.A. Davidson & Co. announced today that it served as the exclusive financial and strategic advisor to Delta Data, a provider of operational software solutions tailored for fund distributors, asset managers, and transfer agents, on their sale to BetaNXT, a provider of wealth management technology solutions backed by Clearlake Capital Group and Motive Partners. This press release features multimedia. View the full release here: D.A. Davidson & Co. announced today that it served as the exclusive financial and strategic advisor to Delta Data, backed by Terminus Capital Partners, on their Sale to BetaNXT, backed by Clearlake Capital Group and Motive Partners. 'We're grateful to Terminus Capital Partners for their steadfast support and strategic insight over the past several years,' said Cameron Routh, CEO of Delta Data. 'With their partnership, we modernized our platform, expanded globally, and built a strong foundation for growth. Joining BetaNXT enables us to bring greater scale, innovation, and long-term value to our clients — a priority that remains at the heart of everything we do. We look forward to this new phase of growth and opportunity. And many thanks to D.A. Davidson for all of their counsel and guidance — their steady hand and deep domain expertise proved instrumental to achieving this successful outcome.' Founded in 1985, Delta Data helps financial institutions simplify the complexity of the global investment fund ecosystem. Industry participants use Delta Data's software to aggregate and settle trades, manage data, ensure compliance, track expenses, and reduce back-office costs leveraging proprietary, cloud-based technology. 'We are incredibly proud of Delta Data's transformational growth over the past three and a half years — more than doubling revenue, migrating from on-premises infrastructure to the cloud, launching scalable new product offerings, and expanding into Canada and Europe,' said Alex Western, Managing Director of Terminus Capital Partners, the majority investor in Delta Data. Delta Data's technology will be integrated into BetaNXT's DataXChange platform, which facilitates streamlined and flexible data sharing among wealth management firms and their partners. The integration is expected to enhance BetaNXT's ability to address key operational pain points for a broader segment of the asset and wealth management value chain. The acquisition also positions BetaNXT to deliver a more comprehensive 'Connected Wealth' experience, helping firms to improve advisor productivity, operational efficiency, and client engagement. 'This acquisition is a great example of the growing need for integration across the asset management / wealth value chain. Providing product advantages through integrated data and functionality at a better cost of ownership is paramount to continued company progress as the market needs continue to evolve,' said Tom Selby, Managing Director, Technology Investment Banking at D.A. Davidson. 'Advising capital markets technology businesses like Delta Data on highly favorable outcomes is core to our FinTech practice. We're thrilled for the team on this strategic outcome and excited for BetaNXT as they embark on this next chapter together,' said Michael Maxworthy, Managing Director, Technology Investment Banking at D.A. Davidson. This transaction highlights the ongoing success of D.A. Davidson's Technology Investment Banking practice, which has completed 125+ transactions representing approximately $22 billion in value since 2020. D.A. Davidson's Technology Investment Banking practice has coverage of financial technology, software, tech-enabled services, and communications technology. D.A. Davidson's Investment Banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: Consumer, Diversified Industrials, Financial Institutions, and Technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International. About D.A. Davidson Companies D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states. Subsidiaries include D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company. For more information, visit View source version on CONTACT: Deal Team Contacts Michael Maxworthy, Managing Director |[email protected] Tom Selby, Managing Director |[email protected] Al Sisca, Vice President |[email protected] Advisory Team Contacts Zach Rosen, Managing Director, Financial Sponsors Group |[email protected] Yaron Redlich, Managing Director, Head of Financial Sponsors Group |[email protected] Amy Johnson, Managing Director, Head of Debt Advisory |[email protected] Contact Emily Roy Prosek for D.A. Davidson (646) 818-9232 [email protected] KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: CONSULTING DATA MANAGEMENT BANKING TECHNOLOGY PROFESSIONAL SERVICES BUSINESS ASSET MANAGEMENT SOFTWARE INTERNET FINTECH FINANCE SOURCE: D.A. Davidson & Co. Copyright Business Wire 2025. PUB: 06/04/2025 10:36 AM/DISC: 06/04/2025 10:35 AM
Yahoo
2 days ago
- Business
- Yahoo
D.A. Davidson & Co. Acts as Exclusive Strategic and Financial Advisor to Delta Data on Their Sale to BetaNXT
D.A. Davidson & Co acts as exclusive strategic and financial advisor to Delta Data, backed by Terminus Capital Partners, on their Sale to BetaNXT, backed by Clearlake Capital Group and Motive Partners NEW YORK, June 04, 2025--(BUSINESS WIRE)--D.A. Davidson & Co. announced today that it served as the exclusive financial and strategic advisor to Delta Data, a provider of operational software solutions tailored for fund distributors, asset managers, and transfer agents, on their sale to BetaNXT, a provider of wealth management technology solutions backed by Clearlake Capital Group and Motive Partners. "We're grateful to Terminus Capital Partners for their steadfast support and strategic insight over the past several years," said Cameron Routh, CEO of Delta Data. "With their partnership, we modernized our platform, expanded globally, and built a strong foundation for growth. Joining BetaNXT enables us to bring greater scale, innovation, and long-term value to our clients — a priority that remains at the heart of everything we do. We look forward to this new phase of growth and opportunity. And many thanks to D.A. Davidson for all of their counsel and guidance — their steady hand and deep domain expertise proved instrumental to achieving this successful outcome." Founded in 1985, Delta Data helps financial institutions simplify the complexity of the global investment fund ecosystem. Industry participants use Delta Data's software to aggregate and settle trades, manage data, ensure compliance, track expenses, and reduce back-office costs leveraging proprietary, cloud-based technology. "We are incredibly proud of Delta Data's transformational growth over the past three and a half years — more than doubling revenue, migrating from on-premises infrastructure to the cloud, launching scalable new product offerings, and expanding into Canada and Europe," said Alex Western, Managing Director of Terminus Capital Partners, the majority investor in Delta Data. Delta Data's technology will be integrated into BetaNXT's DataXChange platform, which facilitates streamlined and flexible data sharing among wealth management firms and their partners. The integration is expected to enhance BetaNXT's ability to address key operational pain points for a broader segment of the asset and wealth management value chain. The acquisition also positions BetaNXT to deliver a more comprehensive "Connected Wealth" experience, helping firms to improve advisor productivity, operational efficiency, and client engagement. "This acquisition is a great example of the growing need for integration across the asset management / wealth value chain. Providing product advantages through integrated data and functionality at a better cost of ownership is paramount to continued company progress as the market needs continue to evolve," said Tom Selby, Managing Director, Technology Investment Banking at D.A. Davidson. "Advising capital markets technology businesses like Delta Data on highly favorable outcomes is core to our FinTech practice. We're thrilled for the team on this strategic outcome and excited for BetaNXT as they embark on this next chapter together," said Michael Maxworthy, Managing Director, Technology Investment Banking at D.A. Davidson. This transaction highlights the ongoing success of D.A. Davidson's Technology Investment Banking practice, which has completed 125+ transactions representing approximately $22 billion in value since 2020. D.A. Davidson's Technology Investment Banking practice has coverage of financial technology, software, tech-enabled services, and communications technology. D.A. Davidson's Investment Banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: Consumer, Diversified Industrials, Financial Institutions, and Technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International. About D.A. Davidson Companies D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states. Subsidiaries include D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company. For more information, visit View source version on Contacts Deal Team Contacts Michael Maxworthy, Managing Director | mmaxworthy@ Tom Selby, Managing Director | tselby@ Al Sisca, Vice President | asisca@ Capital Advisory Team Contacts Zach Rosen, Managing Director, Financial Sponsors Group | zrosen@ Yaron Redlich, Managing Director, Head of Financial Sponsors Group | yredlich@ Amy Johnson, Managing Director, Head of Debt Advisory | asjohnson@ Media Contact Emily RoyProsek for D.A. Davidson(646) 818-9232eroy@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business
- Business Wire
D.A. Davidson & Co. Acts as Exclusive Strategic and Financial Advisor to Delta Data on Their Sale to BetaNXT
NEW YORK--(BUSINESS WIRE)--D.A. Davidson & Co. announced today that it served as the exclusive financial and strategic advisor to Delta Data, a provider of operational software solutions tailored for fund distributors, asset managers, and transfer agents, on their sale to BetaNXT, a provider of wealth management technology solutions backed by Clearlake Capital Group and Motive Partners. "Advising capital markets technology businesses like Delta Data on highly favorable outcomes is core to our FinTech practice," said Michael Maxworthy, Managing Director, Technology Investment Banking at D.A. Davidson. 'We're grateful to Terminus Capital Partners for their steadfast support and strategic insight over the past several years,' said Cameron Routh, CEO of Delta Data. 'With their partnership, we modernized our platform, expanded globally, and built a strong foundation for growth. Joining BetaNXT enables us to bring greater scale, innovation, and long-term value to our clients — a priority that remains at the heart of everything we do. We look forward to this new phase of growth and opportunity. And many thanks to D.A. Davidson for all of their counsel and guidance — their steady hand and deep domain expertise proved instrumental to achieving this successful outcome." Founded in 1985, Delta Data helps financial institutions simplify the complexity of the global investment fund ecosystem. Industry participants use Delta Data's software to aggregate and settle trades, manage data, ensure compliance, track expenses, and reduce back-office costs leveraging proprietary, cloud-based technology. "We are incredibly proud of Delta Data's transformational growth over the past three and a half years — more than doubling revenue, migrating from on-premises infrastructure to the cloud, launching scalable new product offerings, and expanding into Canada and Europe,' said Alex Western, Managing Director of Terminus Capital Partners, the majority investor in Delta Data. Delta Data's technology will be integrated into BetaNXT's DataXChange platform, which facilitates streamlined and flexible data sharing among wealth management firms and their partners. The integration is expected to enhance BetaNXT's ability to address key operational pain points for a broader segment of the asset and wealth management value chain. The acquisition also positions BetaNXT to deliver a more comprehensive 'Connected Wealth' experience, helping firms to improve advisor productivity, operational efficiency, and client engagement. 'This acquisition is a great example of the growing need for integration across the asset management / wealth value chain. Providing product advantages through integrated data and functionality at a better cost of ownership is paramount to continued company progress as the market needs continue to evolve," said Tom Selby, Managing Director, Technology Investment Banking at D.A. Davidson. "Advising capital markets technology businesses like Delta Data on highly favorable outcomes is core to our FinTech practice. We're thrilled for the team on this strategic outcome and excited for BetaNXT as they embark on this next chapter together," said Michael Maxworthy, Managing Director, Technology Investment Banking at D.A. Davidson. This transaction highlights the ongoing success of D.A. Davidson's Technology Investment Banking practice, which has completed 125+ transactions representing approximately $22 billion in value since 2020. D.A. Davidson's Technology Investment Banking practice has coverage of financial technology, software, tech-enabled services, and communications technology. D.A. Davidson's Investment Banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: Consumer, Diversified Industrials, Financial Institutions, and Technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International. About D.A. Davidson Companies D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states. Subsidiaries include D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company. For more information, visit
Associated Press
23-05-2025
- Business
- Associated Press
BetaNXT Acquires Delta Data, Provider of Streamlined Investment Fund Solutions for Distributors, Asset Managers and Transfer Agents
Acquisition Strengthens BetaNXT's Ability to Further Simplify Complex Investment Fund Operations While Increasing Transparency and Reducing Risk NEW YORK, May 23, 2025 /PRNewswire/ -- BetaNXT, a provider of wealth management technology solutions with real-time data capabilities and an enhanced advisor experience, announced today certain affiliates of BetaNXT have acquired Delta Data, a provider of global investment fund solutions. With the acquisition, BetaNXT continues to strengthen its ecosystem of wealth management technology solutions. Delta Data is expected to expand BetaNXT's suite of product capabilities with: 'We are always enthusiastic about acquiring enterprises that improve the client experience,' said Bob Santella, CEO of BetaNXT. 'Delta Data's products, and commitment to simplifying investment fund processing and oversight through innovative technology that enables data connectivity, will enhance our ability to address pain points for a broader spectrum of clients in the asset and wealth management industry.' Founded in 1985, Columbus, GA-based Delta Data specializes in providing operational software solutions tailored to three primary segments of the asset management industry—fund distributors, asset managers and transfer agents. Its technology supports and streamlines mutual fund transaction processing and related data management, driving efficiency and mitigating risk. Its existing customers include four of the top 10 U.S. banks, three of the top five U.S. retirement plan recordkeepers, and 23 of the top 25 U.S. asset managers. Backed by Clearlake Capital Group and Motive Partners, BetaNXT brings together wealth management solutions into a single, integrated platform. Delta Data's technology solutions will be fully integrated with BetaNXT DataXChange, which simplifies the exchange of data for wealth management firms and their partners. By streamlining all data within a flexible and connected experience, DataXChange helps optimize what that data can do for fund distributors, asset managers and transfer agents, as well as their clients and partners. 'Joining forces with BetaNXT is the next logical step in our ongoing growth and expansion,' said Cameron Routh, CEO of Delta Data. 'We believe that BetaNXT's solutions, which power the Connected Wealth experience, will take our offerings for the mutual fund and pooled fund space to the next level, and allow the distributors, asset managers and transfer agents we work with to do more with their data than they ever imagined.' BetaNXT was advised by Sidley Austin LLP. Delta Data was advised by D.A. Davidson LP and JonesSpross LLP. About BetaNXT BetaNXT powers the future of Connected Wealth by investing in platforms, products, and partnerships to accelerate growth, with a focus on providing frictionless wealth management enterprise solutions, real-time data capabilities, and enhanced advisor experience. Through its software, data, and operations-as-a-service approach, BetaNXT empowers its clients with flexible, efficient, connected solutions that anticipate their changing needs. BetaNXT's comprehensive model reduces enterprise cost, streamlines operations processes, increases advisor productivity, and strengthens the investor experience. Together with BetaNXT, wealth management firms are transforming their platforms into differentiating assets that enable enterprise scale and stimulate commercial growth. For more information visit Alexandra Shafer & Madison Vance JConnelly for BetaNXT +1 (973) 934-5100 [email protected] Laura Barger Head of Marketing and Communications, BetaNXT +1 (888) 949-9957, option 3 [email protected] About Delta Data Delta Data is a trusted provider of technology solutions for the mutual fund and pooled fund industry, processing trillions of dollars in assets for top financial institutions. Its industry-vetted SaaS integrated suite is trusted by four of the top 10 U.S. banks, three of the top five U.S. retirement recordkeepers, and 23 of the top 25 U.S. asset managers. Delta Data empowers financial companies to navigate the complex regulatory landscape and mitigate risk through efficient data management and streamlined automation. Claudine Martin Head of Marketing, Delta Data +1 (508) 341-2123 [email protected] About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused, approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational approach, O.P.S.® The firm's core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management and its senior investment principals have led or co-led over 400 investments, and has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE, and Singapore. More information is available at Jennifer Hurson Clearlake Capital Group Media Contact – Lambert +1 (845) 507-0571 [email protected] About Motive Motive Partners is a private investment firm exclusively focused on financial technology and technology-enabled business services companies, ranging from early-stage ventures to growth equity and buyout, primarily based in North America and Europe. The firm invests across five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Insurance, and Wealth and Asset Management, and Motive Partners portfolio companies benefit from the firm's fully integrated, proven Investor, Operator, Innovator (IOI) model, which brings together world-class fintech leaders and capabilities with deep industry knowledge, insight and experience. With offices in New York City, London, and Berlin, Motive Partners delivers differentiated expertise, connectivity, and capabilities to create long-term value in financial technology companies. More information on Motive Partners can be found at Britt Zarling Motive Partners +1 (414) 526-3107 [email protected] View original content to download multimedia: SOURCE BetaNXT
Associated Press
12-02-2025
- Business
- Associated Press
BetaNXT Announces Next Phase of DataXChange Platform for Wealth Firms After Successful Pilot with Early Adopter Clients
Built on the Snowflake AI Data Cloud, DataXChange Accelerates Data Modernization and Maximizes Operational Efficiency with a Single Source of Near Real-Time Data NEW YORK, Feb. 12, 2025 /PRNewswire/ -- BetaNXT, a leading provider of wealth management technology solutions with near real-time data capabilities and an enhanced advisor experience, announces that its groundbreaking DataXChange platform is now fully operational and broadly available after a successful pilot with early adopter clients. Launching three months ahead of schedule, after having fully onboarded a significant number of leading wealth management firms, DataXChange, Powered by Snowflake, is ready to help forward-thinking wealth enterprises accelerate their data modernization journeys, innovation efforts, and overall growth. 'One of our core beliefs is that data management is a long game—and the first step is to build the right data foundation that's secure, nimble, and customizable,' said Don Henderson, CTO of BetaNXT. 'DataXChange is enabling us to deliver a better client experience today, that also serves as the foundation for faster innovation and seamless integration of AI and other new capabilities in the future. According to some of our pilot participants and early adopters, this is a real 'game-changer' for wealth enterprises, advisors, and investors, and we are grateful to Snowflake for partnering with us to bring forward the future of Connected Wealth and Connected Data.' DataXChange, which began pilot testing in September 2024, brings internal and external inputs—BetaNXT data, clients' proprietary data, partner data, and third-party data—together in one data management ecosystem to deliver a flexible, customized, and connected experience that optimizes what data can do for wealth enterprises and their clients and partners. Going forward, all BetaNXT innovations and updates will be built on and available through the DataXChange platform, and all BetaNXT partnerships with third parties will be fully integrated with DataXChange as well. 'The flexible, future-proof wealth experience that DataXChange enables will serve as a springboard for the development of all our new products and services,' said Jonathan Reeve, Head of Product Strategy and Development for BetaNXT. 'DataXChange's secure ecosystem makes it easy to collaborate internally and externally, speeding up innovation efforts and new product releases.' Over the next several months, BetaNXT will introduce the first wave of new products and services built on DataXChange to further streamline and optimize the data experience for wealth enterprises and their clients. Announcements about these technology rollouts and updates will be available on the BetaNXT website. DataXChange's design incorporates and provides: A Common Data & Governance Framework: BetaNXT clients can experience DataXChange capabilities through Client Data Vaults, unique instances which utilize a common data and governance framework for the exchange and protection of data. Customized Client Views: In addition, the processes and contents of each Client Data Vault are customized for each BetaNXT client's unique integrations and needs. For example, by blending BetaNXT's quantitative data on client positions and holdings with non-financial CRM data on investors' favorite hobbies or life goals, a client can create a proprietary householding view of investors for a wealth advisor. Agnostic Aggregation & Commingling: DataXChange is a data-agnostic platform with an open framework for seamlessly ingesting new data sets and integrating new partners—and seamlessly blending proprietary and third-party data. Anytime Access: DataXChange makes clients' data accessible at any time and from any location, in real time. Wealth enterprises no longer need to wait for overnight reports or batch delivery—allowing users to decide what they want to call, how, and when. Intelligent Automation—DataXChange enables wealth enterprises to instantly eliminate time-intensive processes, and utilize automation to create more efficient workflows that give them more time to spend with investors. A Secure Platform for Innovation—DataXChange creates a secure environment where clients' data is ready to power whatever experiences and applications they want to create. Users can harness the DataXChange platform as an incubator for innovation from their own teams, the BetaNXT network, and an ever-growing universe of partners. 'BetaNXT has created a solution that empowers the wealth management industry to unlock operational efficiencies and most importantly deeper insights from their data—and do so at scale, as they grow,' said Rinesh Patel, Global Head of Financial Services at Snowflake. 'BetaNXT continues to be a leader in anticipating industry change and bringing to market solutions that make it easier for wealth enterprises and advisors to succeed with their clients.' By building on Snowflake, product and engineering teams can develop, scale, and operate their applications without operational burdens—and deliver truly differentiated products to their customers. By becoming Powered by Snowflake, builders receive access to resources to help them design, market, and operate their applications in the AI Data Cloud. To learn more about how organizations are building on Snowflake, and becoming Powered by Snowflake, please visit: About BetaNXT BetaNXT powers the future of connected wealth, investing in platforms, products, and partnerships to accelerate growth. We are a leading provider of frictionless wealth management enterprise solutions, real-time data capabilities, and an enhanced advisor experience. Through our software, data, and operations-as-a-service approach, we empower our clients with flexible, efficient, connected solutions that anticipate their changing needs. Our comprehensive model reduces enterprise cost, streamlines operations processes, increases advisor productivity, and strengthens the investor experience. Together with BetaNXT, wealth management firms are transforming their platforms into game-changing differentiators that enable enterprise scale and stimulate commercial growth. For more information visit Media Contacts Laura Marvin Simkins
