Ontra Acquires Software Provider Captain as It Ramps Up Its M&A Activity
Ontra CEO Troy Pospisil said that with its acquisition of Captain, the company hopes to bolster its digital funds lifecycle management solution, before moving on to more M&As.
November 07, 2022 at 09:01 AM
3 minute read
Mergers and AcquisitionsOn Monday, contract automation provider Ontra, previously known as InCloudCounsel, announced its acquisition of the material assets of software company Captain, which builds technology and digital tools for fund managers and investors. The company did not disclose the financial details of the agreement.
With the acquisition, Ontra looks to bolster its digital fund lifecycle management tool by leveraging Captain's institutional relationships and fund management technology. Ontra's tool digitizes key administrative, document-related workflows involved in raising funds in private markets, such as limited partnership agreements and signed letters for asset managers.
On the other hand, Captain, will not continue as a standalone company, and will cease to exist.
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