BetaNXT Expands Wealth Management Tech Ecosystem with Acquisition of Delta Data

BetaNXT, a leader in wealth management technology solutions known for real-time data capabilities and an enhanced advisor experience, announced today that certain affiliates have acquired Delta Data, a prominent provider of global investment fund solutions.

This acquisition marks a significant expansion of BetaNXT’s technology ecosystem, further enriching its suite of solutions designed to streamline complex workflows across the wealth and asset management industries.

Delta Data, founded in 1985 and headquartered in Columbus, Georgia, specializes in operational software tailored for fund distributors, asset managers, and transfer agents. Its platform supports mutual fund transaction processing, trade management, sub-accounting, revenue management, transfer agent functions, fee management, and compliance tools — all crucial to improving operational efficiency and mitigating risk.

With an impressive client base that includes four of the top 10 U.S. banks, three of the top five U.S. retirement plan recordkeepers, and 23 of the top 25 U.S. asset managers, Delta Data’s technology is recognized for its ability to simplify investment fund processing and oversight through innovative, data-driven solutions.

BetaNXT’s CEO Bob Santella commented:
“We are always enthusiastic about acquiring enterprises that improve the client experience. Delta Data’s commitment to simplifying investment fund processing through connected data solutions perfectly aligns with our mission. This acquisition enhances our ability to address pain points across the asset and wealth management landscape.”

The Delta Data technology will be fully integrated into BetaNXT’s DataXChange platform, which facilitates seamless data exchange between wealth management firms and their partners. This integration aims to deliver a more connected, flexible, and optimized data experience for fund distributors, asset managers, transfer agents, and their clients.

Delta Data CEO Cameron Routh said:
“Joining forces with BetaNXT is the next logical step in our growth. We believe BetaNXT’s Connected Wealth solutions will elevate our mutual fund and pooled fund capabilities, enabling our partners to unlock greater value from their data than ever before.”

The acquisition was supported by legal advisors Sidley Austin LLP for BetaNXT, and D.A. Davidson LP and JonesSpross LLP for Delta Data.