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Return to: Home > News > India’s Asset Vantage snaps up US-based Financial Navigator

India’s Asset Vantage snaps up US-based Financial Navigator

India-based Asset Vantage, fintech start-up and subsidiary of UniDEL group, has purchased US-based Financial Navigator for an undisclosed amount.

Financial Navigator is a provider of integrated general ledger and portfolio tracking software focused on the wealth management market.

The acquisition is expected to further Asset Vantage’s expansion into the wealth management accounting software market in North America.

Following the acquisition, the combined entity will have a customer base of more than 300 families globally. Asset Vantage did not disclose the terms of the transaction.

Asset Vantage North America CEO Mark Rogozinski said: “We are excited to bring on board Financial Navigator’s industry knowledge and roster of preeminent clients, and we look forward to leveraging the expertise their team brings to the table.

“Our goal is to expand the capabilities of the combined entity in order to increase our market share, initially focusing on families in North America with over $25 million in assets, estimated at 200,000 households, and families in India with over $5 million in assets, estimated at 250,000 households.”

UniDEL group chairman Sunil Dalal: “Combining our firms will enable clients to benefit from Asset Vantage’s next-generation, fully featured, cloud/mobile-based solution. We are thrilled to add Financial Navigator’s long history of achievement to our own.”

Financial Navigator CEO Ed Van Deman said: “Our combined firms will provide clients with an outstanding user experience and we are energized by the additional resources and extended reach that will result from this combination.”

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