12 October 2012 - French financial software specialist eFront SA (EPA:ALEFT) unveiled on Friday its takeover of DMLT, a US provider of investor reporting and portal services to the alternative investment market.
According to the French company's founder and CEO, Olivier Dellenbach, eFront and DMLT have complementary solutions.
As part of eFront, DMLT will be able to leverage the French firm's global position and reach unsaturated markets in Europe, Asia and South Africa.
DMLT s Investment Cafe solution offers a robust investor reporting system that facilitates communication between general partners and their investors.
Ken Pierce, Co-CEO of DMLT, added, It has been rewarding to collaborate with eFront throughout this process.