BetaNXT, a provider of wealth management infrastructure software with real-time data capabilities and an enhanced advisor experience, today announced the acquisition of Mediant Communications (“Mediant”) by certain BetaNXT affiliates. Mediant is a provider of investor communications technology and technology-enabled solutions to banks, brokers, corporations, funds, and investment managers. The acquisition expands BetaNXT’s suite of wealth management solutions by extending BetaNXT’s reach into investor communications by leveraging Mediant’s digital-forward communications capabilities, industry experience, and dependability.
“Adding Mediant to the BetaNXT platform enhances our ability to be a trusted partner for companies looking to integrate communications into their wealth management platforms. We are now able to offer an additional functionality that will benefit our clients and allow their operations to be more connected,” said Stephen C. Daffron, BetaNXT Chairman and Chief Executive Officer.
BetaNXT, which is backed by Clearlake Capital and Motive Partners, combines proven wealth management solutions – Beta, Maxit, and now Mediant – into a single, integrated platform. The BetaNXT approach to improving the advisor experience combines intelligent, user-centric technology with noteworthy industry insight and a robust partner network. With over 40 years of experience, the firm supports over 50 million retail accounts, has over $6 trillion in assets on the platform, and processes over 35 million securities-related transactions daily.
BetaNXT will use Mediant’s technology to digitize and integrate the investor communications process into its broader suite of software solutions, which will include real-time data capabilities, cost basis and tax reporting solutions, and front, middle, and back-office applications. The integration will provide wealth management firms with a more comprehensive, holistic solution, allowing for additional cost savings and a more streamlined communications process that will benefit investors.
Mediant, an Argentum Portfolio Company, delivers investor communications solutions to banks, brokers, corporate issuers, and funds. Our solutions are driven by leading technology and strict compliance with industry regulations, which allows clients to balance innovation with requirements. We enable banks and brokers to effectively manage all potential touchpoints within the investor communications lifecycle—from proxy statements and prospectuses to voluntary corporate actions. We provide corporate issuers with turnkey proxy processing, and we empower mutual funds, REITs and insurance companies with a full-service, end-to-end proxy solution.