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Ontra Acquires Fundformer To Help Asset Managers Raise Funds Faster

Jun 28, 2022•about 3 years ago

Acquiring Company

Ontra

Acquired Company

FundFormer

San FranciscoSoftware

Description

Ontra, the leading provider of contract automation and intelligence for the world’s most prominent asset managers, today announced the acquisition of FundFormer, a top electronic subscription document provider for fund managers and their investors. The acquisition will allow Ontra’s asset management customers to raise funds faster and more efficiently, while providing a superior investment experience for their limited partners.

Company Information

Company

Ontra

Location

San Francisco, California, United States

About

Ontra is the global leader in Contract Automation and Intelligence for private asset management firms. The Ontra platform combines AI-enabled software with a worldwide network of highly trained lawyers to modernize recurring legal workflows. Ontra’s solutions improve all aspects of the contract lifecycle—from negotiating and processing routine contracts to tracking obligations in complex agreements. Ultimately, Ontra reduces the time, expense, and risk associated with contract management, freeing its customers to focus on other strategic priorities.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed