The Redmond, Washington-based Modestspark, which was founded in 2014, has more than 400 clients.
Modestspark offers client portal and client experience enrichment tools that will become deeply integrated with SS&C's portfolio accounting solutions, including Advent Portfolio Exchange and Axys.
Modestspark’s two employees — co-founders Brad Demeter and Brian Bero — will join SS&C Advent and continue to support their existing clients utilizing other portfolio accounting solutions.
“We are excited to be part of SS&C as it gives us new opportunities to grow Modestspark's footprint,” Demeter said in a statement. “As we integrate our solution with SS&C's leading technology platforms, we look to fulfill our vision to help more firms achieve more streamlined client communications.”
Robert Roley, managing director and general manager of SS&C Advent, says that by combining with SS&C — where some 11,000 financial services organizations manage and account for their investments using its products and services — Modestspark's value can be amplified.
“Modestspark's client portal capabilities ensure we have a diverse range of solutions to fit our client's unique needs,” Roley said in a statement.
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