M&A Deal Summary

EdgeCo Holdings Acquires VMS Hub

On April 4, 2022, EdgeCo Holdings acquired software company VMS Hub from Financeware

Acquisition Highlights
  • This is EdgeCo Holdings’ 1st transaction in the Software sector.
  • This is EdgeCo Holdings’ 1st transaction in the United States.
  • This is EdgeCo Holdings’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-04-04
Target VMS Hub
Sector Software
Buyer(s) EdgeCo Holdings
Sellers(s) Financeware
Deal Type Divestiture

Target

VMS Hub

Jersey, New Jersey, United States
VMS Hub is a robust workflow automation solution used by industry-leading recordkeepers to modernize trade processing with the NSCC, sub-custodian(s), or directly with the fund managers, while reducing the need for manual adjustments, minimizing errors, and providing greater transparency around fees. VMS Hub is based in Jersey, New Jersey.

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Buyer(S) 1

Buyer

EdgeCo Holdings

Pittsburgh, Pennsylvania, United States
Category Company
Sector Financial Services
DESCRIPTION

EdgeCo Holdings provider of best-in-class, technology-enabled solutions for financial intermediaries and their clients. EdgeCo companies have provided a suite of technology and support services, including full-service retirement plan administration, brokerage, advisory, and trust and custody services to a diverse national client base of financial intermediaries. EdgeCo Holdings is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Financeware

West Chester, Pennsylvania, United States
Category Company
Sector Financial Services
DESCRIPTION

Financeware is a platform focused exclusively on tech infrastructure of the wealth management industry. Financeware was born of a need to connect winning solutions to the fast-moving targets, partners and market opportunities playing out across the entire wealth scape. Financeware is based in West Chester, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 QUODD Financial Information Services

Jersey City, New Jersey, United States

QUODD Financial Information Services, Inc. is a provider of financial market data and information analysis tools for the wealth management industry. QUODD Financial Information Services is based in Jersey City, New Jersey.

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