Accel-KKR acquired a minority stake in the company with the transaction, whose amount was not disclosed. As a part of the investment, Greg Williams, Managing Director at Accel-KKR, and David Cusimano, Vice President at Accel-KKR, will join the Board of Directors.
The company intends to use the funds to accelerate its growth, further expand its product portfolio, and improve service for its existing customer base.
Led by CEO Don W. Beck, Jr., and Executive Vice President Burton Keller, Delta provides SaaS and on premise solutions for mutual fund trading, data management, revenue/expense management, compliance, and analytics platform.
– FUNDLinx, an installed Mutual Fund trading and clearing platform with over $1.3 trillion in assets serviced across the client platforms;
– DART, a Mutual Fund distribution oversight and transaction monitoring application;
– APERIOsuite, a focused industry data management application that supports a distributor’s reference, price and dividend data flow and operations.