DealCloud integrates Preqin data with DataCortex


DealCloud, a specialist in CRM and deal management technology for the capital markets, has partnered with alternative assets data provider Preqin to integrate Preqin's data with DealCloud's DataCortex product.

"We believe that modern-day dealmakers, fund managers, and investor relations professionals deserve to have all of their outsourced data accessible in the same hub as their proprietary data. They simply need a unified deal management, fundraising, and data management platform in order to be competitive in today's market," says Amit Lalwani, SVP of Global Business Development at DealCloud. "This integration comes in response to our clients' reliance on Preqin's market-leading data, and we're excited about the increased leverage they'll get from the platform as a result of the partnership."
 
Through the integration, clients of both DealCloud and Preqin can leverage real-time data such as investor allocations, fund performance, deal making activity and direct contact information all in one, centralised platform that is accessible from any desktop or mobile device.
 
"Preqin is responding to the call for technological advances in both fundraising and deal management, enabling our clients to efficiently raise record-breaking funds," says Ayo Akindele, Global Head of Channels at Preqin. "Having access to the best data and intelligence means our clients can realise their market potential by saving time and other costs related to information gathering. DealCloud is at the forefront of this fast-paced innovation, and we're pleased to be able to deliver this seamless integration to enable our clients to realise even greater efficiency in their daily activities. With an increasing number of organisations relying on both DealCloud's technology and Preqin's data, it is paramount that they are able to access industry-wide insights along with their own proprietary data all in one place."
 
Over 600 principal investing firms, investment banks, and operating companies rely on DealCloud's solutions for storage of proprietary data, deal sourcing, origination and deal management.

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