Carlyle to acquire intelliflo and RedBlack from Invesco for $200m.

Carlyle, an investment firm, agreed to acquire intelliflo, a provider of cloud-based practice management software, and RedBlack, a provider of SaaS-based portfolio rebalancing tools, from Invesco, a private equity firm, for $200m. "This is an exciting moment for intelliflo. Carlyle's investment reflects its trust in our business and its deep experience in scaling software companies make it an ideal partner for our next phase of growth. With Carlyle's support, we will continue to focus on delivering great value to our clients, with a renewed focus on building innovative solutions for the evolving needs of our core UK and Australian customer bases," Nick Eatock, intelliflo Founder and CEO.