BetaNXT acquires Delta Data to expand global wealth management tech
NEW YORK, UNITED STATES — BetaNXT, a New York-based provider of wealth management technology and real-time data solutions, has announced the acquisition of Delta Data, a Columbus, Georgia-based provider of streamlined investment fund solutions for distributors, asset managers, and transfer agents.
While financial terms of the acquisition were not disclosed, it aims to broaden BetaNXT’s suite of integrated wealth management offerings and strengthen its position as a key enabler of “Connected Wealth” experiences.
The acquisition will bring Delta Data’s advanced trade management, mutual fund sub-accounting, revenue management, transfer agent functionality, fee management, and compliance tools into BetaNXT’s ecosystem.
This integration is expected to address critical pain points for a wider range of clients in the asset and wealth management industry.
Integration and vision for the future
Delta Data’s technology will be fully integrated with BetaNXT’s DataXChange platform, a cloud-based, real-time data management solution that simplifies data exchange for wealth management firms and their partners.
“We are always enthusiastic about acquiring enterprises that improve the client experience,” said Bob Santella, CEO of BetaNXT.
“Delta Data’s products, and commitment to simplifying investment fund processing and oversight through innovative technology that enables data connectivity, will enhance our ability to address pain points for a broader spectrum of clients in the asset and wealth management industry.”
Cameron Routh, CEO of Delta Data, added, “Joining forces with BetaNXT is the next logical step in our ongoing growth and expansion. We believe that BetaNXT’s solutions, which power the Connected Wealth experience, will take our offerings for the mutual fund and pooled fund space to the next level, and allow the distributors, asset managers and transfer agents we work with to do more with their data than they ever imagined.”
BetaNXT was advised by Sidley Austin LLP, while Delta Data was advised by D.A. Davidson LP and JonesSpross LLP.
The combined strengths of both companies are set to deliver a more seamless, efficient, and connected experience for clients across the wealth management and asset management sectors.
Enhanced capabilities for clients across the globe
BetaNXT, founded in 2022, is backed by Clearlake Capital Group and Motive Partners. The company employs between 501 and 1,000 people and operates offices in the United States (New York, Wisconsin, North Carolina) and Bangalore, India, serving a global client base that includes wealth managers, institutional wealth firms, and digital brokers.
With an estimated annual revenue of $151.2 million, BetaNXT provides frictionless wealth management infrastructure, real-time data solutions, and an enhanced advisor experience.
Delta Data, founded in 1985, employs between 51 and 200 staff and is headquartered in Columbus, Georgia. The company specializes in SaaS solutions for mutual funds and other pooled investments, with a focus on back-office processing, fee management, and data governance.
Its clients include four of the top 10 U.S. banks, three of the top five U.S. retirement plan recordkeepers, and 23 of the top 25 U.S. asset managers, processing trillions of dollars in assets for leading financial institutions.
