Surge Ventures completed the acquisition of Kovair Software.

Surge Ventures, a new SaaS venture studio focused on the financial services and wealth management industries, completed the acquisition of Kovair Software, a software company that develops integrated application lifestyle management solutions for its clients. Financial terms were not disclosed. "With this venture, we aim to tackle the problem of data management in the wealth management industry and to offer products that dramatically improve operational efficiency, data flow, and security across software applications, for wealth management firms, addressing the industry's demand for secure and unified data integration solutions. Surge Ventures will leverage Kovair's Omnibus platform to offer an unparalleled solution that simplifies complex integrations and empowers wealth management professionals with enhanced data-first capabilities," Sid Yenamandra, Surge Ventures, Founder, CEO and Managing Partner.