Backstop Solutions Group (BSG) has announced the acquisition of PerTrac's CMS product line, which provide customer-relationship management tools for institutional, buy-side clients.
PerTrac's CMS product was acquired by Backstop Solutions Group from eVestment, with the terms of the deal remaining undisclosed. BSG has opened two new offices in London and New York to accommodate the staff expansion, and to service a client count that now numbers over 575.
"We are very excited to bring CMS clients over to the Backstop family and to be working with the CMS team to now also offer a best in class software-as-a-service option for CMS clients," says Andy Pruitt, president and co-founder at Backstop. "This acquisition is also a great opportunity for us to expand our growth and presence in New York, London and within the entire alternative investment community."
BSG has also named Clint Coghill as its new CEO in light of the acquisition.
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