ATA RiskStation, LLC, a Dallas, TX-based provider of cloud-based portfolio risk analytics, received an investment from middle-market private equity firm Caruth Capital Partners.
The amount of the deal was not disclosed.
The company will use the funds to accelerate its growth by making available their network of relationships at the C-suite level in wealth management firms, investment advisory firms and broker dealer in the U.S. and internationally.
Led by Aladin Abughazaleh, ATA RiskStation provides clients with portfolio risk analytics that process daily, using a multi-model, multi-parameter and multi-time frame approach. The company delivers web reporting and daily monitoring using customizable risk alerts generated by these analytics daily.
The product offering provides a fully automated, structured, and customizable daily risk oversight process at the individual household level for wealth managers, registered investment advisors, broker dealers, investment managers and institutional investors. By saving data for every client, account, scenario, parameter and position with no required software for clients to buy, learn or maintain, ATA RiskStationTM provides a superior value proposition for its clients, while delivering a risk analytics solution unmatched in the industry.