Dynamo Software, the premier provider of configurable, cloud-based investment management software for the alternative asset investment industry, today announced a majority investment from Francisco Partners, a global, technology-focused private equity firm. The investment from the US-based fund will provide Dynamo with a capital partner to support the company’s continued growth and product innovation.
Terms of the deal were not fully disclosed, but it was announced that members of Dynamo management and employees will retain significant ownership stakes in the company and that the CEO Krassen Draganov will remain in the executive management of the company. Draganov will be responsible for key accounts and product strategy. Paul Wheeler, Operating Partner at Francisco Partners will join the Board of Directors.
We are extremely excited to announce this investment by Francisco Partners. Thanks to their prior investments in the alternative asset management software market, they bring to bear highly relevant experience and are uniquely suited to help us accelerate our growth from here forward., Krassen Draganov said for the official press release of the company.
— Dynamo Software (@DynamoSoft) October 3, 2017
In recent years, Dynamo has witnessed significant growth as alternative asset managers due to the increased interest to cloud-based solutions in investment process management. Dynamo serves a list of over 400 customers, including private equity, venture capital, real estate, and hedge funds along with institutional investors, operating with $3 trillion in assets. Dynamo’s end-to-end platform allows its customers to automate workflows, enhance decision making, and manage heightened regulatory requirements.
The news is not surprising as few years ago experts from the sector outlined the forthcoming trend of stable growth in investment deals in the Bulgarian ICT sector. In 2014, Telerik’s acquisition hit a record $ 262.5 million deal. This year the aircraft processing platform Vayant Travel Technologies, was bought for $ 35 million.
About Dynamo Software
Dynamo Software, formerly Netage Solutions, has provided premium industry-specific, configurable investment management and reporting software for the global alternative assets industry since 1998, including fund administrators, endowments, pension funds, foundations, private equity and venture capital funds, real estate investment firms, hedge funds, prime brokers, funds of funds, and family offices. Intuitive and highly configurable, the Dynamo™ platform has improved the productivity of fundraising, deal, research, investor relationship, and portfolio management teams worldwide. Collectively, Dynamo’s 400+ clients manage over $3 trillion in assets.
About Francisco Partners
Francisco Partners is a leading global private equity firm, which specializes in investments in technology businesses. Since its launch over 17 years ago, Francisco Partners has raised over $10 billion in capital and invested in over 200 technology companies, making it one of the most active and longstanding investors in the technology industry.