BetaNXT Acquires Fund Operations Firm Delta Data

BetaNXT, the WealthTech who, among other things, is looking to streamline the middle and back office of wealth management, has acquired Delta Data, a mutual fund sub-accounting and transaction platform. The acquisition will add fund sub-accounting and enhanced communications flows to their DataXchange platform. No terms were disclosed.

Some might feel that mutual fund structures are dead, but you can't really count them out, particularly in the 401k space. The British Empire is only about 1% the size it once was and it is still one of the most powerful countries in the world.* Don't forget that.

Link to article: https://www.prnewswire.com/news-releases/betanxt-acquires-delta-data-provider-of-streamlined-investment-fund-solutions-for-distributors-asset-managers-and-transfer-agents-302463756.html

*The United Kingdom covers roughly 100,000 sq miles, down from a peak of about 14,000,000 sq miles for the British Empire at its peak, but it is still ranked as the 4th most powerful country in the world by US News & World Report.