Goldenhill International M&A Advisors today announced that it acted as exclusive M&A advisor to Pulse Software Systems (“Pulse”) in its acquisition by IRESS (ASX:IRE).
Pulse is an established provider of portfolio management software solutions to private client asset managers, those who manage investments for clients on a discretionary basis.
IRESS chief executive Andrew Walsh said: “private asset management is an established, diverse market in the United Kingdom and focused on meeting the investment needs of private clients. Increasingly, the technology needs in this segment are growing to support consolidation, regulatory change and digital engagement with investors. This is an area where we have seen strong demand for technology strategies and unification to support the growth of diversified asset managers. We believe the combined solutions of Pulse and IRESS will respond directly to this demand, and, together with expertise and experience with investment management workflow in the United Kingdom, will support our strong pipeline of opportunities.”
Commenting on the contribution of Goldenhill to the just completed transaction, Pulse managing director and founder, Mike Nicholls said:
“We have worked closely with Goldenhill on this transaction announced today. Their knowledge of the Fintech sector, combined with their experience in the company sale process was invaluable to us. We would recommend Goldenhill to other technology companies that are considering a sale process”