Dynamo buys Imagineer in cementing cloud software lead

Dynamo Software purchased Imagineer Technology Group in a deal that combines two vendors to the alternative investment industry. It means that Dynamo will now serve more than 1,000 users for its CRM, deal management, portfolio monitoring and investor reporting capabilities. Together the firms account for nearly half of the top 50 hedge funds by AUM. Majority-owned by San Francisco-based private equity firm Francisco Partners, Dynamo is known for its cloud software. The terms of the deal were not disclosed. New York-based Imagineer has been providing CRM, investor relations and reporting software to high-profile hedge funds globally since 1988. The acquisition expands the company’s rapidly growing presence due to both sustained organic growth and recent strategic activity. The Imagineer team and technology will be added to the Dynamo family, including founder and President Erol Dusi and CEO Jeremie Bacon. Dynamo not only expands the platform’s offering with the acquisition, but also increases the flexibility and speed of deployment of the technology, according to Dynamo CEO Hank Boughner said. “Imagineer is a perfect partner as we solidify our leadership position in the hedge fund sector. We already are working closely with Imagineer’s management team to explore ways to unlock immediate value for our hedge fund clients,” he added. Of specific interest to Dynamo was Imagineer’s Clienteer platform, which streamlines fund sales and marketing activities while allowing users to track investor transactions and account performance metrics. Its WebVision software provides fund managers with a fully customizable communications and reporting portal combined with a content management system. The software supports managers’ fundraising process and secure sharing of information with their respective clients. “We make this move to combine businesses because we know that Imagineer clients and employees will be in great hands as part of Dynamo,” said Imagineer’s Dusi. “We will work with Dynamo to ensure a seamless transition for all Imagineer customers."

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