BERWYN, Pa.--(BUSINESS WIRE)--Archer, a technology and services innovator for the investment management industry, announced today that NewSpring Capital, a family of private equity funds, led a $12.5 million investment in Archer through its dedicated technology and business services growth equity fund, NewSpring Growth Capital.
NewSpring Capital has partnered with management teams over the years to assist them in achieving their goals by providing financial resources, strategic guidance and powerful networking. Through these investment partnerships, NewSpring gains access to markets they believe to have potential for expansion. The company’s investment in Archer speaks to both Archer’s vision for growth, as well as the potential expansion of Archer’s target market.
NewSpring’s investment is part of an aggressive growth strategy being deployed by Archer and helping the company to pursue current market opportunities. “Archer continues to offer investment managers everything they need to grow their business -- a simplified solution to operations and technology issues, including speed, flexibility and cutting edge technology,” said Bryan Dori, Archer President and CEO. “With NewSpring as an institutional investment partner, we can fully pursue growth initiatives focused on our team and technology.”
“We are very excited by the Archer platform and view it as the most complete and advanced solution on the market for customers to improve the efficiency of their operations,” said Eric Jensen, Principal, NewSpring Capital. “With the new investment, and Archer’s deeply experienced team, we believe the company is strategically positioned for dramatic growth.”
About NewSpring
Founded in 1999, NewSpring Capital invests in dynamic companies with the goal of partnering with management teams to develop their businesses into market leaders. NewSpring Capital has raised over $1 billion of committed capital supporting more than 100 portfolio companies across our growth equity, control buyout and mezzanine debt funds. For more than a decade, our team of seasoned private equity investors and successful operators have partnered with management teams to provide them the financial resources, strategic guidance and a powerful network to assist them in achieving their goals. Visit NewSpringCapital.com for more information.
About Archer
Archer is a technology and services innovator for the investment management industry whose clients manage more than $1 trillion in assets. As investment markets continue to grow, and asset managers search for simplified technology solutions, Archer’s technology platform continues to keep ahead of market and client needs, both domestically and globally.
Visit ArcherIMS.com for more information.
