Banyan Software Acquires Lightspeed Data Solutions.
M2 EQUITYBITES-March 12, 2019-Banyan Software Acquires Lightspeed Data Solutions
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12 March 2019 - Massachusetts, US-based Banyan Software, an enterprise software acquisition company has acquired California, US-based Lightspeed Data Solutions Inc., a provider of software for investment managers and insurance guaranty funds, the company said.
Terms of the transaction were not disclosed.
For investment managers, Lightspeed's TDMS product handles post-trade settlement and reconciliation for some of the largest asset managers and outsourced administrators in the US, providing a consolidated view of all trades and communicating with custodian banks to ensure trades are settled accurately and reported on with ease.
For insurance guaranty funds, Lightspeed offers the LCMS product, which allows funds to effectively manage claims with industry-specific functionality and manage the entire assessment process.
Lightspeed Data Solutions has spent over 20 years improving the workflow productivity of asset managers, guaranty funds, and FAIR plans.
The design and development of the company's products are driven by input from the users who rely on them daily, which ensures that new features are easy to use and highly efficient.
Banyan Software, Inc. acquires, builds and grows enterprise software businesses.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Mar 12, 2019|
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