TELEO Capital Management completed the acquisition of TechRules. TELEO Capital-backed Univeris to merge with TechRules.

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.