Dynamo Software (“Dynamo”), the premier provider of configurable, cloud-based investment management software for the alternative asset investment industry, today announced that it has acquired HoldingsInsight, a portfolio investments data capture and reporting service. This acquisition will provide Dynamo’s LP customers with enhanced exposure analysis and due diligence capabilities.
Dynamo’s acquisition of HoldingsInsight will allow limited partners to pull in-depth portfolio holdings data into their Dynamo instances. This modular solution also contains pre-built analytics and reporting functionality, bringing advanced new tools to Dynamo’s LP product lineup.
“Dynamo has built an impressive product portfolio and we see the HoldingsInsight integration as the first of a number of strategic investments to combine the rapid organic growth of the core products with targeted acquisitions to expand the company’s footprint in the alternative assets space.” said Peter Christodoulo, Partner at Francisco Partners.
“LPs demand more transparency into the underlying holdings of their portfolio funds, in order to make more informed investment decisions. Such data can come from a variety of sources and in a variety of formats – including in unstructured PDF files. Without a common standard, or the staff to convert the data into a structured format, LPs have a limited view of their exposure to risk. HoldingsInsight helps augment their investment teams and provide the data for further analysis. We also hope to one day be able to help the industry agree on common reporting standards,” added Krassen Draganov, CEO of Dynamo Software. “Acquiring HoldingsInsight is a strategic move aimed at addressing the LP market’s need for a total product offering, combining both software and data. Where data is of high quality, such as the data sourced from custodians and public market feeds, we integrate with these sources. When the data is of poor quality or highly unstructured, as is the case with the portfolios of private funds, we chose to partner with HoldingsInsight and source the data ourselves.”