NewSpring Holdings Acquires Vertical Management Systems

NewSpring Holdings

Radnor, PA - January 5, 2017 - NewSpring Capital (“NewSpring”), a family of private equity funds, announced today that NewSpring Holdings LLC, the firm's dedicated buy and build strategy, has completed the acquisition of Vertical Management Systems, Inc. (VMS), headquartered in Pasadena, CA. 

VMS is a technology innovation firm which provides integrated solutions to solve today’s key issues like fiduciary risk, fee transparency, and revenue reconciliation. VMS processes over $600 billion in assets, 5 million accounts, and 500,000 trades annually.

“For some time, NewSpring Holdings has been evaluating various platforms to launch a new financial services growth initiative,” said Jim Ashton, NewSpring General Partner.  “Given my years of experience working with Kevin and Bob, we mutually determined that the VMS product set, combined with its blue-chip client roster, provides the strongest opportunity to launch our strategy.”

“Upon becoming CEO of VMS over a year ago, our CRO, Bob Ward and I have been evaluating ways to accelerate growth,” said Kevin Rafferty. “Partnering with NewSpring Holdings will give us the missing pieces to complete our corporate vision. VMS is well-positioned to meet the accelerating demands of this ever-changing financial technology industry. Our solutions address many of today’s regulatory challenges, and we will now be able to accelerate the investment in our business to continue providing our clients with industry-leading, robust, and innovative processing platforms.”  

About Vertical Management Systems, Inc. (VMS)

Vertical Management Systems (VMS) is one of the nation’s leading providers of data, financial networking, and account aggregation technology.  For nearly 25 years, VMS has designed, developed and hosted accounting and securities process-and-control solutions for the largest financial institutions in the United States.  VMS’s three core products include its retirement platform, Retirement Revolution, a leading supplier of next-generation retirement solutions; Mutual Fund Desk (MFD), a mutual fund process-and-control platformand Specialized Information Services (SIS), a comprehensive source of customized, audited financial data.  For more information, please visit