SS&C Technologies, a global provider of financial services software and software-enabled services, today announced it has acquired TheNextRound, a leading 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 (TNR) is a privately-held company and is a recognized leader in software for the private equity, family office, real estate partnership and alternative management space. TNR's flagship product, TNR SolutionTM, 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," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies, Inc. "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," said Vipul Minocha, President, TheNextRound,Inc. "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."