eFront, an alternative investment software solutions provider backed by private equity firm Francisco Partners, has acquired DMLT, a provider of investor reporting and portal services for the alternative asset community.
“I am pleased to bring together two world-class organisations to better serve the global alternative investment market,” says Olivier Dellenbach (pictured), eFront founder and CEO. “eFront and DMLT offer proven and complementary solutions. Together, these platforms will set the standard for the next generation of investor portals which are needed to facilitate the transfer of increasingly rich sets of information between parties within the AI community.”
eFront’s global operation will help deliver DMLT’s services to underserved markets across Europe, Asia and South Africa. Conversely, DMLT’s presence in North America will amplify eFront’s expansion within this region with new products and an established customer base. As a combined entity, eFront will derive more than 40% of its total revenue from North America. “The impact on this market can be substantial,” said Eric Bernstein, COO of eFront North America. “I am excited to serve general and limited partners with an expanded portfolio of solutions.”
eFront’s flagship product suites, FrontInvest and FrontAnalytics, offer comprehensive abilities for managing and analyzing investments in private equity, real estate and other asset classes. DMLT’s Investment Café solution offers a robust investor reporting system that facilitates communication between general partners and their investors.
Combined, the solution portfolio will enable general partners, fund of funds and fund administrators to execute their entire business workflow: obtaining financial information from investments, analyzing that data, and aggregating and packaging it for consumption by investors.
Ken Pierce, Co-CEO of DMLT, added, “It has been rewarding to collaborate with eFront throughout this process. I’m thrilled that we are part of a larger team with greater means to enhance our services for the benefit of both existing and new clients worldwide.”
Marlin & Associates acted as the exclusive strategic and financial adviser to DMLT.