InvestCloud acquires UK’s Babel Systems for $20M

InvestCloud acquires UK's Babel Systems for $20M

InvestCloud Inc., a Los Angeles, California-based provider of a digital platform that gives wealth managers access to Client Portals, Mobility and Advisor Portals, acquired Babel Systems Limited, a London, UK-based provider of a trade and accounting platform, for $20m. Led by Steve Wise, CEO, Babel provides a multi currency and multi language modular platform featuring Order Processing, Settlement, Custody, Accounting, Fees and Charges, Corporate Actions, Compliance, Payments and Portfolio Management to clients including robo advisor Nutmeg and other wealth managers and family offices. The acquisition will enable InvestCloud to add trading,

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Telecoms sector heating up again

Telecoms sector heating up again

The Telecoms Sector has seen a flurry of activity in recent months with new acquisitions and investments being announced almost daily.  Here is a roundup of a few of the deals which caught our eye over the last couple of weeks. Daisy Completes On Alternative Acquisition The Daisy Group recently announced the completion of its acquisition of Alternative Networks plc Aa part of its continuing corporate acquisition strategy. Daisy Group believes Alternative Networks represents a strong and complementary fit with its existing business and operations and this latest acquisition builds upon the

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The rise of the family offices as early stage investors

The rise of the family offices as early stage investors

Companies currently raising rounds of venture investment are inevitably learning some hard truths.  Primarily, VC money isn’t as readily available as in previous years, and for the companies that are receiving funding, they’re finding that the terms are becoming increasingly more onerous. The good news for startups looking for funding is that a new source of direct investment is coming to the rescue: the family offices of wealthy individuals and families. Single-family offices (SFOs) were first pioneered by the Rockefellers in the late 1800s as a way to centralise the management

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