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Investments in the Risk Management software sector

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The most significant private equity investment in the financial technology sector these past few months was definitely Advent International's (a TA Associates competitor and spin-off) acquisition of a majority stake in Paris-based portfolio and risk management software provider Sophis last July.

Sophis provides two main solutions: RISQUE (for sellside institutions) and VALUE (for the buyside). The Company has been riding the wave of increasing number of hedge funds / assets managers and their associated financial IT spending trends.

What do you think of this investment? What does it mean for competitors such as Murex and Calypso? Will this spark a wave of consolidation in the sector?

Discuss.

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