Abrigo, an Austin, TX-based provider of compliance, credit risk, and lending solutions for financial institutions, has acquired TPG Software, a Houston, TX-based company which specializes in investment accounting and management solutions.
The amount of the deal was not disclosed.
TPG Software expands Abrigo’s suite of technical accounting solutions and strengthens its risk management and reporting capabilities. Adding TPG to Abrigo’s CECL, stress testing, income recognition, asset/liability management, and credit monitoring solutions enhances Abrigo’s position as a solution of choice for the office of the CFO.
Led by Ursula Felmet, CEO, TPG Software provides financial software solutions to optimize critical risk management, accounting, and reporting processes for a diverse range of investments, spanning fixed income, derivatives, and various assets. The solutions integrate automated transaction approval into institutional workflows, ensuring alignment with investment policies and risk profiles. Moreover, TPG simplifies accounting complexities by consolidating general ledger entries and comprehensive reporting on a unified platform.
Led by Jay Blandford, CEO, Abrigo is a provider of risk management, financial crime prevention, and lending software and services that enable more than 2,400 financial institutions manage risk and drive growth. It delivers technology, product innovation, support, and expertise so customers can face complex challenges and innovate.
FinSMEs
29/03/2024