Private equity firm Flexpoint Ford has completed the buyout of Dash Financial Technologies, an institutional trading technology developer.
The firm partnered with the management team to acquire it from fellow private equity player GTCR. As part of the deal, the management team will continue to lead the company while Flexpoint principal Daniel Edelman will join as a board member.
Dash is a multi-asset trading technology, execution services, analytics and regulatory technology platform set up by Peter Maragos and David Karat. For trading companies, the solution can help simplify and optimise trading through workflow solutions, while its execution services can be calibrated to optimise liquidity, and costs.
Clients can also access real-time order-to execution transparent analytics and a selection of RegTech solutions to manage risk and reporting requirements. It provides an enterprise-wide solution to manage risk with innovative software solutions, to satisfy the complex reporting requirements surrounding regulatory capital compliance. Its offers: FINRA regulatory notice 14-43, FINRA rule 4210 Solution, SEC 17a-5 Solution, SEC 15c3-3 Solution, SEC 15c3-1 Solution.
During its time under GTCR’s ownership the business scaled up its technology platform and grew a fully transparent model. Flexpoint now plans to help the business continue growing and develop new offerings.
Managing director of Flexpoint Steven Begleiter said, “Peter, David and the entire Dash team have done a tremendous job developing this business over the last seven years. With its scale, technology platform and fully transparent model, we believe Dash is uniquely positioned to extend the leadership position it has carved out in this space.”
Earlier in the month, digital workflow and automation company Trizic netted $10m in its Series A. The company develops digital investment technology for ETFs, mutual funds and equities.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
