InvestCloud to acquire Babel Systems for $ 20 million

John Wise, Chairman and CEO of InvestCloud

The Californian company InvestCloud has acquired Babel Systems in London for US $ 20 million.

Babel offers a modular and API-based trading and accounting platform, while InvestCloud has over 660 customers with “accounting needs from legacy accounting systems developed over the last century”.

This acquisition combines InvestCloud’s digital platform with Babel’s capabilities. InvestCloud will continue to support customers …

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