Clearlake Capital Group and Motive Partners have closed the acquisition of the BETA+ assets including BETA Post-trade Processing, Maxit, and Digital Investor, from the London Stock Exchange Group (LSEG).
Clearlake Capital Group and Motive Partners have closed the acquisition of the BETA+ assets including BETA Post-trade Processing, Maxit, and Digital Investor, from the London Stock Exchange Group (LSEG).
Effective immediately, the company will operate as BetaNXT, reflecting its evolved strategic vision.
In connection with the closing, BetaNXT has announced its new leadership team, whose vision is to create the interconnected wealth management experience of the future. The company will be led by Motive Co-Founder Stephen C Daffron as Chairman and Chief Executive Officer. He is joined by Caroline O’Connell as Chief Administrative Officer, Don Henderson as Chief Technology Officer, Tim Rutka as President of BETA, and Michael Pass as President of Maxit and Digital Investor. Together, they will lead the next phase of growth for the company, solving their customers’ most daunting integration challenges and offering modern, frictionless solutions that anticipate their changing needs.
Additionally, Clearlake and Motive Partners have formed a long-term strategic partnership with LSEG, through which LSEG will work hand in hand with BetaNXT and the Sponsors’ wealth management portfolio companies, providing content, data, and tools.
