Gemspring Capital completed the acquisition of GoldenSource.

Gemspring Capital, a private equity firm, completed the acquisition of GoldenSource, a provider of enterprise data management and master data management solutions to financial services companies. Financial terms were not disclosed. "For over three decades, GoldenSource's products and data model have provided the 'source of truth' underlying critical decisions made by the Company's financial services customers. Given increased regulatory reporting requirements and the proliferation and expanding cost of new data sources, we see increased demand for GoldenSource's offerings going forward. We believe there is significant opportunity to build upon GoldenSource's product leadership to address market needs, both organically through increased R&D as well as through strategic acquisitions, and are excited to partner with the GoldenSource team to grow the business," Aron Grossman, Gemspring Managing Director.