Actua Corp. (ACTA) to Sell GovDelivery in $150M Deal
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Actua Announces Agreement to Sell GovDelivery to an Investor Group Led by Vista Equity Partners for $153 Million in Cash
September 26, 2016 8:30 AM EDTRADNOR, Pa., Sept. 26, 2016 (GLOBE NEWSWIRE) -- Actua Corporation (Nasdaq: ACTA) today announced that it has entered into a definitive agreement with an investor group led by Vista Equity Partners under which it will sell GovDelivery, the leading provider of cloud-based government communications software solutions, for $153 million in cash, subject to certain adjustments, including working capital, cash, debt and other items. The transaction is subject to customary... More
FolioDynamix and Scivantage Partner To Deliver Enterprise-Grade Digital Advice Robo Solution
September 22, 2016 9:00 AM EDTSAN ANTONIO, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Financial technology industry leaders and innovators, Scivantage® and FolioDynamix, today announced a joint partnership from the main stage of the FolioDynamix Client Conference in San Antonio. The firms plan to deliver an enterprise-grade digital advice solution allowing advisors to collaborate with clients of all account sizes. This becomes especially important in light of new DOL Fiduciary Rule guidelines, which can make advising small-but-growing investors problematic.  Â
The solution leverages Scivantages existing digital wealth management platform and integrates it with FolioDynamixs industry-leading managed accounts platform.  This delivers an enterprise-grade, unified digital experience that... More
