BOSTON–(BUSINESS WIRE)–Dynamo Software program, Inc., a market-leading supplier of end-to-end cloud software program options for the choice funding administration {industry}, introduced at the moment its acquisition of Smonik Programs, a pacesetter in information administration. Smonik gives cutting-edge software program that closes the hole for Restricted Companions (LPs) to course of each structured and unstructured information. Dynamo will improve its world-class platform with Smonik’s automated merchandise for information assortment, extraction, validation, and reconciliation.

“Because the monetary markets bear additional stress, Dynamo has calibrated its enterprise to supply sturdy, best-in-class software program for different asset managers and institutional traders,” mentioned Dynamo’s CEO Hank Boughner. “At Dynamo, we have now constructed our stack to do the heavy lifting – eradicating a number of repetitive and guide processes with configurable dashboards, workflows, and studies. Augmenting our enterprise with Smonik’s proprietary information administration and reconciliation software program will additional gas our mission of being the main world, end-to-end software program platform for the choice investments ecosystem. We’re excited to welcome their spectacular crew to the Dynamo household.”

The Smonik acquisition, mixed with the Dynamo Information Automation (DDA) software program, underscores Dynamo’s steadfast dedication to give attention to eradicating labor-intensive processes, particularly these round information extraction and validation. Endowments, foundations, pensions, household workplaces, and funds of funds (FOF), will profit from Smonik’s means to cut back or fully remove guide information entry and processing. For instance, with Smonik’s software program, LPs can automate the gathering and extraction of information for all funding varieties – together with alternate options – whereas additionally adopting a data-agnostic strategy to reconcile any two information units.

“Finally, the mixed energy of Dynamo and Smonik is unprecedented,” mentioned Sethu Bijumalla, CEO and Co-Founding father of Smonik Programs. “By becoming a member of Dynamo, an organization backed by Blackstone and Francisco Companions, we’re excited by the extra assets and help to additional prolong Smonik’s worth to non-public funding shoppers. Moreover, our two corporations are constructed on a tradition of excellence, with seasoned professionals who’re fueling high-growth, progressive software program that concurrently empowers shoppers to extend effectivity, scale back price, and decrease operational threat.”

“That is really a win-win for each Dynamo and Smonik’s present and potential shoppers,” added Stephen Hixon, principal and co-owner of Smonik. “Dynamo is main this {industry}’s race in delivering compelling end-to-end software program, and now, with Smonik, the corporate is additional cementing its management in information automation for LPs. We’re proud to be part of the subsequent chapter in Dynamo’s story.”

Each Dynamo and Smonik are headquartered within the Boston, MA space, permitting the operations, gross sales, advertising, and product innovation groups to work carefully collectively to make sure a seamless integration.

About Smonik Programs, LLC.

Smonik Programs, now a Dynamo model, gives information administration and reconciliation companies to the monetary companies {industry}. Utilizing its in depth background in funding operations, Smonik prides itself in growing instruments to automate back-office guide processes. The proprietary, best-in-class software program delivered by Smonik focuses on automating all the information administration workflow. This contains the gathering, extraction, transformation, reconciliation, and integration of each structured and unstructured information. For extra data, go to our web site or observe us on LinkedIn.

About Dynamo Software program, Inc.

Dynamo Software program’s mission is to be the main world, end-to-end cloud software program platform for the alternate options ecosystem, serving the knowledge sharing and analytical information wants of our constituents. Since 1998, the corporate has been offering industry-tailored, highly-configurable funding administration, reporting, and information administration cloud software program options to the worldwide different funding {industry}. Dynamo’s cloud-based options serve the non-public funding panorama together with non-public fairness and enterprise capital funds, actual property funding companies, infrastructure, hedge funds, endowments, pensions, foundations, prime brokers, funds of funds, household workplaces, and fund directors. The Dynamo™ platform has improved productiveness throughout the alternate options ecosystem, together with CRM, fundraising, deal administration, analysis administration, investor servicing, portfolio administration, and compliance groups worldwide. Dynamo has a world footprint with operations throughout North America, EMEA, and APAC.

For extra data, please go to www.DynamoSoftware.com.