TAP Software Holdings, an enterprise software investment vehicle managed by Terminus Capital Partners, today announced the acquisition of Delta Data, a leading FinTech company specializing in providing back-end solutions processing trillions of dollars in assets for the mutual fund, collective investment trust, and broader public pooled investment fund industry. Founded in 1985, Delta Data technology supports four of the top 10 US banks, four of the top five US retirement recordkeepers, and four of the top five US investment managers.
“Pooled investment funds like mutual funds and collective investment trusts are a $35T industry with complex transfer and trading, data tracking, regulatory compliance, and counterparty management challenges. As the largest pure-play and full-suite provider in pooled fund administration software, Delta Data is uniquely positioned for leadership in this important and dynamic market. We look forward to partnering with everyone on the Delta Data team to maximize customer success, to drive profitable growth, and to achieve Delta Data’s vision of being the best pooled fund software company in the world,” says Alex Western, Managing Director at Terminus Capital Partners.