Announced
Completed
Financials
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Acquisition
Completed
Merger
Private
Private Equity
Majority
Spain
Friendly
Cross Border
Single Bidder
wealth management software
Financial Data and Systems
Synopsis
TELEO Capital Management, a private equity firm, completed the acquisition of TechRules, a provider of global wealth management software solutions. TELEO Capital-backed Univeris, a provider of enterprise wealth management solutions, agreed to merge with TechRules. Financial terms were not disclosed. "Our products are highly complementary. We are excited to expand our footprint globally, especially in North America. Together with Univeris, we look forward to bringing products and services to market that meet our customers' evolving requirements through innovation and continuous improvement," Jaime Bolivar, TechRules Managing Partner.
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