Archer Receives Multi-Million Dollar Investment Led by NewSpring Capital
February 03, 2015
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.”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.
“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.”
Visit ArcherIMS.com for more information.