Black diamond advent software acquisition

The acquisition is expected to be completed during. Black diamond and its management team will lead the advisory strategy for advent software and will operate as an independent business group within advent. Advs, a leading provider of software and services for the global investment management industry, demonstrated black diamonds postacquisition momentum at adventconnect, the companys annual user conference. Advent competitors, revenue and employees owler company. Advents acquisition of black diamond shocked the industry, as well as the workers at black diamond. Advs, a leading provider of software and services for the investment management industry, has signed a definitive agreement to purchase black diamond performance. Enterprise associate client advocate, black diamond. Why advent and black diamond are merging and how advisors. The rival software makers hit it off after their top execs had a february phone call.

New partnership aims to streamline information acquisition process for advisors. Advent software has signed a definitive agreement to purchase black diamond performance reporting, a leading provider of portfolio management. Black diamond acquired by advent software harbor view. Black diamond loses serial white knight dave welling to a. With advent outsourcing services, you have the flexibility to customize a wide range of specific solutions and services designed to meet your unique needs. Advents acquisition of black diamond will accelerate our combined ability to help advisers succeed by giving them an innovative, purposebuilt. Advents history of acquisitions includes a chapter in which it bought. The black diamond platform is an awardwinning portfolio management system and client reporting solution for financial advisors and wealth managers. Moxy streamlines all aspects of the trading process from portfolio. Ponte vedra, fl june 1, 2011 harbor view advisors, llc served as exclusive financial advisor to black diamond performance reporting llc, a leading. With this acquisition, global financial services software provider. Boston, ma adventconnect 2011 advent software, inc. Drive profitability, efficiencies and grow your business with black diamond wealth platform as the hub of your advisory business. A lot has changed, but the power of the software, positive synergies, and logic of the combined entities are compelling.

Salentica elements with black diamond black diamond. Black diamonds clientele swells after advent merger. Advent completes acquisition of black diamond performance. The acquisition is expected to be completed during the second quarter of 2011, according to a release. Advent to acquire black diamond performance reporting. Advent software is a software company that makes software designed to automate portfolio accounting for investment management firms. Apply to intern, operations associate, retail account manager and more. Assets on the platform more than triple since 2011 acquisition. Geneva and black diamond it was under petes leadership that advents geneva platform became the gold standard of the alternative investment industry, and, more recently, it was petes vision that led to the acquisition of black diamond performance reporting and the reestablishment of advent as the partner of choice in the advisory market, dimarco said in a. The deal announced yesterday between advent and black diamond. This agreement and plan of merger this agreement is made and entered into as of may 12, 2011 by and among advent software, inc. Until his early june departure, welling, 49, oversaw not only the explosive growth of black diamond itself but of thousands of rias using advent axys and advent apx. Black diamond is making jacksonville a cloudbased finance.

Increase efficiency with apx, a centralized and scalable platform for all your portfolio, relationship, and prospect data. This team supports some of our largest clients as they grow their businesses through acquisition and as they expand their footprint on our platform. As black diamond scaled its business, it became very successful, growing revenue nearly 50 percent in the two years before it attracted the attention of advent software, which acquired the company. Black diamond link leverages key features of the black diamond wealth platform to help elevate your client conversations. Advents acquisition of black diamond will accelerate our combined ability to help advisors succeed by giving them an innovative, purposebuilt platform so they can grow their practices and. Many are tired after a year of change, but the overall environment is one of hard work, maturity, and mutual respect. Streamline the data management process from acquisition to. Streamline the data management process from acquisition to reporting. Assetmap announces integration with black diamond new partnership aims to streamline information acquisition process for advisors business wire philadelphia january 8, 2020 assetmap, a.

The acquisition is expected to close in the second quarter of 2011, and advent says it expects black diamondwhich has grown revenues by more than 40% over the last two years, according to the. Bolstered by advent, black diamond has added resources to client support and development teams and continues to deliver new. Reed colley, black diamonds founder and ceo, will become general manager of the black diamond group, reporting to peter hess, advents president. Assetmap announces integration with black diamond bloomberg. Peter hess will take the ceo reins at advent software riabiz. George remembers he had to be told three times that advent was acquiring the company before. Advents black diamond platform surpasses 500client. Black diamond acquired by advent software press release. Black diamond is a premier product in the registered. Black diamond acquired by advent software harbor view advisors. With the acquisition of black diamond, advent will. Black diamond manages complete wealth picture with purposeful suite of. Acquisition establishes leading global provider with more than 10,000 customers worldwide. Black diamond is known for having a better look and feel than its competitors, both in the operation of the software and in the look of the reports.