Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Data Management

10:31 AM
Leslie Kramer
Leslie Kramer
News
Connect Directly
RSS
E-Mail
50%
50%

Advent to Acquire Research Management Solution (RMS) Provider Tamale Software

Advent Software, a provider of software and services for the investment management industry, and Tamale Software, a vendor of research management solutions (RMS), has signed a definitive agreement under which Advent will acquire privately held Tamale Software. "We're thrilled to have Tamale's innovative technology and proven team on board as we enter the nascent and fast-growing RMS market," said Advent's Founder and CEO Stephanie DiMarco, in a press release. "We chose Tamale Software because, as the clear industry leader and a pioneer in the field of RMS, they bring unparalleled vision and a track record of success as we extend Advent's footprint in the front office with this powerful, game-changing productivity tool for our clients' investment teams," he said.

"Becoming part of the Advent team gives Tamale a tremendous opportunity to expand our global reach and bring the benefits of RMS to a much wider audience," said Tamale's president and CEO, Mark Rice, in the release. "We are excited to be joining forces with a proven leader that shares our commitment to innovation and driving success for our clients," he said. The Tamale management team and its employees, based primarily in New York, Boston and the UK, will join Advent, and will continue to develop, service and sell the Tamale solution.

Register for Wall Street & Technology Newsletters
Video
5 Things to Look For Before Accepting Terms & Conditions
5 Things to Look For Before Accepting Terms & Conditions
Is your corporate data at risk? Before uploading sensitive information to cloud services be sure to review these terms.