Berkery, Noyes & Co., LLC, the leading independent investment bank serving the information and technology markets, announces that it represented Asset Control, a leading provider of Centralized Data Management (CDM) solutions to the financial industry, in a transaction with Fidelity Ventures. Terms of the transaction, through which Fidelity Ventures takes a majority investment in the company and provides partial liquidity to existing shareholders, were not disclosed.
âThis transaction demonstrates the critical importance of data management to the financial services industryâ said Peter Ognibene, the Berkery, Noyes managing director who handled the transaction for Asset Control. âAsset Control is the clear market leader and Fidelity Ventures investment in Asset Control will accelerate its already rapid growth.â
Ger Rosenkamp, founder and retiring CEO of Asset Control, commented, âIâm very proud of the Asset Control team and all that it has accomplished. This relationship with Fidelity Ventures will enable us to better serve our global financial services customers and allow us to scale the business to the next level. Iâm excited to partner with Fidelity Ventures to realize this opportunity.â
Berkery, Noyes & Co., LLC acted as exclusive financial advisor to Asset Control. Berkery, Noyes is involved in mergers & acquisitions transactions in a variety of financial technology and information sectors. This sector includes, among others, reference data management, straight through processing, order management, risk management, analytics and content and data for the entire financial services continuum.