Backstop Solutions Raises $20 Million

The investment will help accelerate software upgrade projects and potentially fund new acquisitions.

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Portfolio management and productivity platform provider Backstop Solutions has raised $20 million to continue upgrading its offerings and possibly acquire other firms.

Participants in the funding round include Tao Huang, former chief operating officer of Morningstar, David Bradley, president at Huizenga Capital Management, Roger Kafker, an asset management veteran, and Vistara Capital Partners.

Backstop’s offerings include cloud-based systems around portfolio, research, and customer

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