An article relating to this blog post on Finextra:
Advent International acquires majority stake in Sophis
Private equity outfit Advent International has acquired a a majority stake in Paris-based portfolio and risk management technology vendor Sophis through a leveraged buyout (LBO).
The most significant private equity investment in the financial technology sector these past few months was definitely Advent International's (a TA Associates competitor and spin-off) acquisition of a majority stake in Paris-based portfolio and risk management
software provider Sophis last July.
Sophis provides two main solutions: RISQUE (for sellside institutions) and VALUE (for the buyside). The Company has been riding the wave of increasing number of hedge funds / assets managers and their associated financial IT spending trends.
What do you think of this investment? What does it mean for competitors such as Murex and Calypso? Will this spark a wave of consolidation in the sector?