Marlin Equity Partners, a global investment firm focused on business solutions, has acquired Asset Control, a data management software vendor. The deal will enable Asset Control to invest in its products and strategic initiatives while maintaining best practices in implementation and support for its global client base.
According to Dean Goodermote, CEO of Asset Control in a press release, "This is a very positive step for Asset Control and our clients, providing greater strategic clarity for the company. It is a clear vote of confidence in the business and our products, and will enable us to focus on developing both." He adds that "Marlin’s operational experience in financial services software and access to capital make them the ideal partner to help us in our next phase of growth.”
Managing Director of Marlin’s London office, Shawn McMorran, mirrored Goodermote's sentiment. “We are excited to add another successful and respected business like Asset Control to our growing European portfolio. Asset Control represents an excellent platform for growth in the data management and financial software industry and is perfectly placed to take advantage of the cost and regulation driven demand for more effective data management in financial institutions.”
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Asset Control's management team will continue to run the business with Marlin’s stewardship. Marlin has over $2.6 billion in capital under management and has completed over 65 acquisitions since its inception. Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio