M&A Deal Summary

Advent Software Acquires Black Diamond Performance Reporting

On May 12, 2011, Advent Software acquired internet software and services company Black Diamond Performance Reporting

Acquisition Highlights
  • This is Advent Software’s 1st transaction in the Internet Software and Services sector.
  • This is Advent Software’s 2nd transaction in the United States.
  • This is Advent Software’s 1st transaction in Florida.

M&A Deal Summary

Date 2011-05-12
Target Black Diamond Performance Reporting
Sector Internet Software and Services
Buyer(s) Advent Software
Deal Type Add-on Acquisition
Advisor(s) Harbor View Advisors (Financial)

Target

Black Diamond Performance Reporting

Jacksonville, Florida, United States
Black Diamond Performance Reporting LLC is a provider of web-based, outsourced portfolio management and reporting platforms for independent advisors.

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Buyer(S) 1

Buyer

Advent Software

San Francisco, California, United States

Category Company
Founded 1983
Sector Software
Employees1,151
Revenue 397M USD (2014)
DESCRIPTION
Advent Software's corporate headquarters in downtown San Francisco, California.
Advent Software's corporate headquarters in downtown San Francisco, California.

Advent Software, Inc. is a software company that makes software designed to automate portfolio accounting for investment management firms, ranging from family offices and investment advisers to large institutional investors and hedge funds. Advent Software was formed in 1983 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 4 of 4
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Syncova Solutions Limited

London, United Kingdom

Syncova Solutions Limited provides margin management and financing software to hedge funds and prime brokers.

Buy -