US-based investment firm Vista Equity Partners has agreed to acquire Black Mountain Systems, a technology provider for credit investors and alternative asset managers.

Included in Black Mountain’s suite are investment accounting, investor reporting, portfolio management, compliance, research management, customer relationship management, as well as data warehousing solutions.

The deal is said to facilitate Black Mountain’s domestic and global growth.

At the same time, it will infuse capital to develop the firm’s data aggregation, process management, and business reporting tools.

Vista founder, chairman and CEO Robert Smith said: “Black Mountain has long been the standard-bearer for process management and portfolio monitoring solutions in its field.

“We’re looking forward to working with this talented and innovative company to push it even further ahead of the competition, unlocking new value for both customers and stakeholders.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal, whose financial terms were not divulged, is pending regulatory approvals.

Black Mountain co-CEO Andy Horwitz said: “We’ve already established ourselves as the market leader in workflow software for credit, structured credit, and alternative asset managers and now we have a partner in Vista who will help us leverage and build upon that leadership position with financial and intellectual capital to accelerate our growth.”

Black Mountain was bought by private equity firm Stone Point Capital four years back.