Dynamo Software Acquires Data Management Specialist Smonik Systems.
MANews-(C)2009-2022
US-based alternative investment management industry software provider Dynamo Software, Inc has acquired data management specialist Smonik Systems, the company said.
Smonik provides cutting-edge software that closes the gap for Ltd. Partners to process both structured and unstructured data.
Dynamo will enhance its platform with Smonik's automated products for data collection, extraction, validation, and reconciliation.
The company said that endowments, foundations, pensions, family offices, and funds of funds, will benefit from Smonik's ability to reduce or completely eliminate manual data entry and processing.
For example, with Smonik's software, LPs can automate the collection and extraction of data for all investment types including alternatives while also adopting a data-agnostic approach to reconcile...
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