US-based private equity (PE) firm Gemspring Capital has acquired data management provider GoldenSource.
The acquisition will support GoldenSource’s plans for future product development and global expansion.
No financial details of the transaction were disclosed.
GoldenSource provides enterprise data management services, a sector that has been of increased interest to fund managers due to an ever-increasing reporting burden.
“Given increased regulatory reporting requirements and the proliferation and expanding cost of new data sources, we see increased demand for GoldenSource’s offerings going forward,” said Aron Grossman, managing director at Gemspring.
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