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Dynamo Software acquires Smonik Systems

Dynamo Software, a provider of end-to-end cloud software solutions for the alternative investment management industry, has acquired data management specialist Smonik Systems.

Smonik’s automated products for data collection, extraction, validation, and reconciliation will now be added to Synamo’s platform.

Endowments, foundations, pensions, family offices, and funds of funds (FOF), will benefit from Smonik’s ability to reduce or completely eliminate manual data entry and processing. For example, with Smonik’s software, LPs can automate the collection and extraction of data for all investment types – including alternatives – while also adopting a data-agnostic approach to reconcile any two data sets.

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