Alternative investment software technology provider eFront has acquired Florida based DMLT, an investor reporting and portal services provider to alternative asset community, for an undisclosed sum.
The acquirer said that the deal will expedite its growth in North American region and deliver the base for modern investor communication.
eFront’s global operation will help underserved markets across Europe, Asia and South Africa to access DMLT’s services , while strengthen its expansion in the region with new products and an established customer base.
Its products FrontInvest and FrontAnalytics, enable managing and analyzing investments in private equity, real estate and other asset classes, whereas DMLT’s Investment Café provides a investor reporting system that facilitates communication between general partners and their investors.
Upon completion of the merger, the software provider will be able to obtain over 40% of its total revenue from North America.
Operating in more than 39 geographies worldwide, eFront serves more than 300 customers including companies in the private equity, real estate investment, banking and insurance sectors.