Intapp, a Palo Alto, California-based provider of industry solutions for the $2 trillion global professional services industry, acquired DealCloud, which specializes in CRM and deal management for investment banking and private equity firms.
The amount of the deal was not disclosed.
Led by Rick Kushel, CEO, and backed by Fintop Capital, Cultivation Capital and Hamilton Lane (NASDAQ:HLNE), DealCloud provides an M&A software featuring deal management, workflow and technology solutions to capital markets firms, including private equity and growth capital firms, sell-side banks, publicly traded companies and debt capital investors. It has offices in Jersey City, Charlotte, NC, and London.
With the acquistion, DealCloud will strengthen Intapp’s financial services presence. Together, Intapp and DealCloud’s offerings will provide a comprehensive, cloud-based client life cycle platform that will manage all phases of client relationships throughout the professional and financial services transaction ecosystem. The combined company serves over 1,100 legal, accounting, consulting and capital markets firms worldwide.
Backed by Temasek and Great Hill Partners and led by John Hall, CEO, Intapp provides software and services for professional services and capital markets firms to enhance their ability to win more business, operate efficiently, manage risk and drive project and client success. Its professional services platform spans the entire client life cycle, with solutions for client development, business acceptance and client delivery.