BetaNXT, a provider of wealth management infrastructure software and backed by Clearlake Capital and Motive Partners, has bought Mediant Communications, a provider of investor communications technology and technology-enabled services to banks, brokers, corporations, funds and investment managers.
The deal aims to stengthen BetaNXT’s suite of wealth management services, expanding BetaNXT into investor communications through Mediant’s digital communications capabilities, industry experience and reliability. BetaNXT will incorporate Mediant’s technology to digitize the investor communications process into its suite of software services, which includes real-time data capabilities, cost basis and tax reporting services and front, middle and back-office applications.
“We look forward to working alongside the BetaNXT team to grow our combined company together and better serve our clients,” comments Arthur Rosenzweig, Mediant Communications CEO.
BetaNXT was advised by Sidley Austin LLP. Mediant was advised by Ardea Partners LP and Morgan, Lewis & Bockius LLP.