Solutions
UniversalCIS, a technology-enabled provider of credit data and related origination solutions in the mortgage industry, and Credit Plus, a leading provider of mortgage verifications and business credit reports, have merged their companies.
As a result of the merger, the new company will become the largest in the industry and serve over 6,500 clients in the North American mortgage market including banks, non-bank mortgage lenders, credit unions and mortgage brokers.
Credit Plus brings over three decades of experience assisting more than 2,500 lenders with its information and verification services throughout the mortgage origination process. UniversalCIS has over 4,000 clients and
Legal bills are never much fun when they land in the inbox. This is especially true for private equity firms, for whom legal costs can be among their single biggest areas of expenditure.
But a flurry of cloud-based technologies is transforming the way the industry handles its legal work – and the trend may only just be getting started, says Nicholas d’Adhemar, founder of legaltech firm Apperio.
A former in-house private equity counsel, d’Adhemar understands all too well the ease with which legal costs can mount during a deal, especially when unforeseen complications arise.
“What rankles PE managers is the
Private equity managers have had a frenetic 12 months. From the depths of the pandemic, the industry has staged a remarkable rebound, eagerly hunting down deals as firms rush to spend dry powder.
With more than USD580 billion in deals announced in the first half, 2021 is on track to be a record-breaking year – the first ever in which private equity firms deploy in excess of USD1 trillion in capital, according to figures from EY.
So how have evolving technology trends been affecting the industry?
Jacob Zornes of UMB Fund Services has a better perspective than most. With decades of experience
Over the past 18 months, the shift towards working from home has exposed private equity firms to a far higher threat of cyberattacks, and many have wanted to review their cybersecurity options to ensure good defences against cyber-attack, says George Ralph, Global Managing Director and CRO of business IT consultancy RFA, who specialise in cloud, data, and cybersecurity solutions.
For firms conducting big deals potentially worth billions of dollars, the loss of any sensitive data or information could be hugely damaging.
That is why training every member of staff properly and effectively in the safe use of technology is a
By Rebecca Symonds, Chief Operating Officer, EWM Global – Private equity firms are digitally transforming their operating environments at break-neck pace. From the front- to the middle- and onto the back office, technology has revolutionized the way that firms interact with their investors, portfolio companies and even the regulators.
However, many firms are yet to take advantage of some of the most vital transformation opportunities. Surprisingly, these are opportunities which would directly benefit valued GP deal team members and employees. Employee/member incentive systems in place at most firms continue to resemble the pre-digitisation private equity industry where paper and email were
Faced with historic low-interest rates and equity markets at all-time highs, allocators are directing record capital flows towards the world’s private markets. But, for the asset managers racing to capture those flows, there is no easy money.
The surge in allocations has been accompanied by an uptick in manager responsibilities and servicing expectations. Investors and regulators call for similar levels of support and operational rigour to those seen in traditional markets. But, without the right operational infrastructure to meet those demands, managers will struggle to succeed.
On the rise
Latest Preqin figures show the number of private equity and venture
By Katey Bogue, Head of Private Fund Solutions, Nasdaq Private Fund Solutions – As the size and importance of private fund portfolios continue to scale rapidly for LPs, so too do the complexities of raising and reporting for GPs. There are increasing volumes of portfolio data to harness, more demands from investors to address, and more operational risks to navigate.
It’s a golden age for private equity firms, amid soaring valuations and a frenzy of takeover deals over the past year.
That same pace of growth and success is also acting as a powerful agent of change for the industry in how it views and uses technology.
For Rich Itri, SVP, Professional Service, at ECI, a provider of managed IT services, cybersecurity and business transformation solutions, it’s a trend that is long overdue.
While other areas of financial services have eagerly adopted new systems to keep pace with their competitors, private equity firms have traditionally taken a different approach.
“It’s
By Robin Pagnamenta – They are used to big deals, quick turnarounds – and bumper pay days. But private equity executives have, in the past, sometimes been slower to embrace something else: cutting edge technology which rules the roost in many other areas of the financial services industry.
mParticle, a customer data infrastructure company, has raised USD150 million in Series E funding, led by Permira’s growth fund which backs leading tech-enabled and digital businesses.
The existing investor base also participated in the round alongside new backers including former Adobe CFO Mark Garrett and New England Patriots All-Pro punter Jake Bailey. The funding will support mParticle’s continued global go-to-market expansion, as well as significant R&D investment as demand for customer data infrastructure continues to accelerate. With the round, Daniel Brenhouse, Principal at Permira, will join the mParticle Board of Directors.
Creating truly adaptive, privacy-friendly digital experiences is becoming
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
