Francisco Partners and Dynamo Software Shake Hands Promising Each Other Growth and Prosperity
Dynamo Software today announced a majority investment from Francisco Partners which is a global, technology-focused private equity firm. This investment is expected to provide Dynamo with a capital partner and would also support the company’s continued growth bolstering product innovation. Significant Ownership will be retained by Members of Dynamo management and employees as well. Dynamo Software is the provider of cloud-based, configurable investment management software and this for the alternative asset investment industry.
Dynamo has been witnessing significant growth in the past few years in areas like private equity, venture capital, hedge funds and real estate. To manage their investment processes, they have increasingly sought cloud-based solutions. It has an end-to-end platform that allows its customers to automate workflows and this helps in enhancing decision making, and managing regulatory requirements. Dynamo Software was previously known as Netage Solutions and since 1998, they have been providing premium industry-specific, configurable investment management and reporting software. The company serves a list of over 400 customers who derive tremendous value from the software every day and with its cloud-based solution, Dynamo is expected to become a leader in the alternative asset management software market soon. “Dynamo’s leaders have formed an excellent and impressive team and we are excited to partner with the company to help take our business to the next level”, said Paul Wheeler, Operating Partner at Francisco Partners Consulting. Francisco Partners is also committed to ensure that Dynamo continues to deliver technologies to its current and future customers and thus they are investing in the company.