Dynamo Software, the premier provider of software and data solutions for the alternative investment industry, announced today that it has acquired Q-Biz Solutions, LLC. Q-Biz has a long, successful history of providing software and services for the private equity back office. Q-Biz is the developer of PEViewTM, a back-office software solution for private equity fund managers, family offices, and fund administrators. The acquisition strengthens Dynamo’s capabilities in the Private Equity, Venture, Real Estate and similar private funds space by deepening its finance and accounting offerings, including adding significant expertise to the Dynamo team.
The two companies have been working together for years on behalf of many shared clients. The ongoing collaboration successfully improved back-to-front office workflows by integrating PEView with the DynamoTM platform. With the official combining of the two companies, both firms’ clients will recognize the immediate value and will retain their existing system licenses and services agreements while also having the opportunity to expand into newly integrated solutions.
“We are excited to welcome the Q-Biz team to the Dynamo family,” commented Hank Boughner, Dynamo’s CEO. “Their strengths are a perfect complement to Dynamo’s solutions, and we look forward to joining forces to serve an industry seeking software and service solutions that streamline their front, middle and back-office operations. Importantly, Jayne Thompson and Nield Montgomery are recognized experts in the industry, with deep expertise in building software for the finance and accounting needs of private equity firms. We are thrilled they are joining our team as they continue to scale the Q-Biz platform.”
Jayne Thompson, Q-Biz Co-Founder, commented: “After over nine years of tremendous growth of our software and services client base, Nield and I couldn’t have found a better partner for the next chapter of our business. Our clients and employees will realize major benefits from our joining the Dynamo family.”
Krassen Draganov, Dynamo’s Founder and Head of Product, has known Jayne and Nield for over a decade and credits a strong, productive relationship as a cornerstone for this acquisition. “I’m thrilled to be working alongside Jayne, Nield and the rest of the Q-Biz team. This was exactly what we had in mind when we joined up with Francisco Partners last fall and brought in Hank to position us to act on these types of opportunities. Our product, services, and sales groups are very excited to leverage the expertise of the Q-Biz team and continue to jointly innovate for our clients.”
Specific terms of the deal were not disclosed.
About Dynamo Software
Dynamo Software has provided industry-tailored, highly configurable investment management, reporting and data management solutions to the global alternative investment industry since 1998. Dynamo provides SaaS solutions across the private investment landscape including fund administrators, endowments, pension funds, foundations, private equity and venture capital funds, real estate investment firms, hedge funds, prime brokers, funds of funds, and family offices. The Dynamo™ platform has improved the productivity of fundraising, deal, research, investor servicing, portfolio management, and compliance teams worldwide. Collectively, Dynamo’s 500+ clients manage over $3 trillion in assets.
Since 2009, Q-Biz Solutions, LLC has helped private equity firms with their back-office data capture, reporting and automation. The Company’s proprietary PEView™ software provides easy access to all firm information from one intuitive interface, handles complex fund structures and economic arrangements, and provides best of breed reporting. Q-Biz Solutions’ experienced team of accounting professionals offers a full range of implementation and outsourcing services tailored to each client’s needs and budget. Clients include venture, buy-out, fund of funds, SBICs, family offices and other private equity firms with assets under management ranging from under $200 million to multi-billion.