New Hampshire-based True North Networks acquired by private equity firm
Financial tech firm will remain at its Swanzey headquarters
Bluff Point Associates, a Westport, Conn.-based private equity firm, has acquired True North Networks, a Swanzey, NH-based financial technology company.
Terms of the transaction, which closed March 12, were not disclosed.
True North provides private cloud hosting and cybersecurity services for registered investment advisors and other financial services firms.
Steven Ryder, True North’s president, will continue in his current role, and the company will remain at its New Hampshire headquarters, according to a press release.
Founded by Ryder in 2002, True North an employee-owned firm, which, according to its release, meant that all of its employees benefited from the acquisition.
“We’re excited about the next phase in True North’s evolution, which enhances our ability to offer RIAs the most critical and innovative enterprise-level IT solutions that are compliant with regulatory guidance, along with our world-class expertise and support,” said Ryder.