Chicago, June 1, 2015 - Backstop Solutions Group, a leading provider of cloud-based solutions purpose-built for the institutional investment industry today announces it has acquired Cogency Software, a leading provider of accounting solutions for multi-manager investment firms.
Cogency's clients are some of the world’s leading Fund of Funds, Endowments, Pensions, Outsourced CIOs, and Family Offices who collectively represent over $100 Billion of assets on the Cogency platform.
With the addition of Cogency, Backstop will further expand its capabilities, particularly in the areas of partnership accounting and portfolio management. Backstop also gains a seasoned team, new customers and two additional offices that increase their footprint in key locations — New York and California.
About Backstop Solutions Group
Backstop Solutions Group, LLC is a leading provider of web-based software solutions for hedge funds and institutional investors. Backstop was founded in 2003 and is one of the fastest growing software providers in the financial services industry, serving over 650 firms throughout the United States, Europe and Asia. Backstop has been repeatedly recognized by industry leading managers and service providers as a top technology provider in the alternative asset management industry.
For more information please visit www.backstopsolutions.com
Cogency is a leading provider of software solutions for investors with mixed portfolios of hedge funds, private equity funds, and daily traded instruments. For over a decade, we have helped institutional investors increase efficiency while reducing operational risk. Through these engagements we've developed a deep understanding of investment operations and best practices which are at the heart of our products and services.
For more information please visit www.cogencysoft.com