PE Tech Report


Like this article?

Sign up to our free newsletter

SS&C acquires TheNextRound

SS&C Technologies, a provider of financial services software and software-enabled services, has acquired TheNextRound, a provider of software solutions for the private equity and alternative investment communities.

The acquisition extends and complements SS&C’s private equity software and services offering for the alternative investment management market.

With more than 225 clients in 25 countries and 45 skilled professionals, TheNextRound is a privately-held company that specialises in software for the private equity, family office, real estate partnership and alternative management space. Its flagship product, TNR Solution, is an enterprise solution that supports the full breadth of front to back office capabilities, including partnership accounting, investor relations, CRM, fundraising, deal, fund and portfolio management, GL and reporting for fund managers, investors, and fund investors.

"TheNextRound is an excellent addition to the SS&C portfolio," says Bill Stone, chairman and chief executive officer, SS&C Technologies. "We are now well positioned to offer a comprehensive end-to-end private equity and alternative investment management solution."

"We are very pleased to be joining forces with SS&C," adds Vipul Minocha, president, TheNextRound. "SS&C has a solid understanding of the TNR offering and the alternative investment management marketplace. SS&C’s global presence and financial strength in the alternative investment segment will enhance TNR’s position as a strong leader and allow us to retain our technology edge and provide better support for our clients."

Like this article? Sign up to our free newsletter