Mumbai-based Asset Vantage acquires US firm

New Delhi, April 19 (IANS) Mumbai-based fin-tech company Asset Vantage on Wednesday announced the acquisition of US-based Financial Navigator Inc., an integrated general ledger and portfolio tracking software provider, for an undisclosed sum.

With the addition of Financial Navigator, Asset Vantage will expand into the wealth management accounting software market in North America, the company said in a statement.

"Combining our firms will enable clients to benefit from Asset Vantage's next-generation, fully featured, cloud/mobile-based solution," said Sunil Dalal, Chairman of UniDEL Group, Asset Vantage's parent company, in a statement.

"The entire team at Financial Navigator is eager to join forces with Asset Vantage," added Ed Van Deman, CEO, Financial Navigator.

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