Teleo Capital Management LLC, a lower middle-market private equity firm, has acquired TechRules S.A., a provider of global wealth management software services.
As part of the deal, TechRules will merge with existing Teleo portfolio company, Universis. TechRules offers front office financial software services for retail and personal banking, private wealth managers, fund managers, asset and portfolio managers, independent financial advisors and family offices.
“Univeris is on an aggressive growth path to building a best-in-class wealth management SaaS platform to meet the technological demands of our global customer base,” said Carmine Tullio, president and CEO of Univeris. “By combining TechRules and Univeris into one platform, we will provide clients with improved productivity, increased operational efficiency, and reduced costs.”