DA Davidson Advises Enterprise Data Management Software Provider GoldenSource on its Sale to Gemspring Capital | Business


DA Davidson & Co. today announced that it is the exclusive financial and strategic advisor to GoldenSource, a provider of enterprise data management and master data management solutions for financial services companies worldwide. , upon its acquisition by Gemspring Capital. Gemspring is a mid-market private equity firm based in Westport, Conn. with $1.5 billion in capital under management. GoldenSource was backed by The Invus Group, evergreen equity investors with over $10 billion under management. Gemspring and GoldenSource management expects to work together to accelerate both organic and inorganic growth initiatives.

Sitting at the center of an organization’s data strategy, GoldenSource’s proprietary modular platform enables banks, brokers, investment managers and other financial services firms to automate and ingest, master and publish efficiently transfer financial data to downstream systems from a single authoritative source to mitigate risk, comply with regulatory requirements, control costs, and take advantage of new business opportunities.

“This transaction represents another successful closing by our technology group, underscoring our deep expertise in the B2B fintech space and our successful track record generating highly favorable results for high-quality fintech companies globally,” said Ken Marlin, vice president of DA Davidson. Technology investment banking group.

John Eley, Managing Director of GoldenSource, said, “The team at DA Davidson has been invaluable in bringing this transaction to fruition. Their deep domain expertise, sound advice and relentless commitment to the process proved essential in facilitating a successful transaction for us. I am proud of the accomplishments of our GoldenSource team over the past few years. The company is growing rapidly and is profitable, but most importantly, we are united behind the goal of providing superior enterprise data management solutions and services to our global customer base. We have significant plans for future product innovation and are excited to partner with Gemspring to accelerate our growth and continue to create value for our customers, employees and shareholders.

About DA Davidson Companies

DA Davidson Companies is an employee-owned financial services company providing a range of financial and advisory services to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 with headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,475 employees and offices in 27 states.

Subsidiaries include: DA Davidson & Co., a full-service investment firm providing wealth management, investment banking, capital markets and fixed income services, and advice; Davidson Investment Advisors, a professional asset management firm; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser that provides fixed income portfolio and advisory services.

For more information, visit dadavidson.com.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220518006140/en/

CONTACT: Media Contact

Andreea Popa, Head of Equity Markets Marketing |[email protected] Team Contacts

Ken Marlin, Vice President, Technology Investment Banking Group |[email protected]| 212.257.6060

Michael Maxworthy, Co-Head of Technology Group and Managing Director |[email protected]| 212.257.6041



SOURCE: DA Davidson & Co.

Copyright BusinessWire 2022.

PUBLISHED: 05/18/2022 17:10 / DISK: 05/18/2022 17:11


Copyright BusinessWire 2022.

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