Integrated are a big user of Praemium and represent a large amount of FUM. They are a quality and trusted provider of portfolio reporting to the family office and HNW market place.
Dash is being reported as one of the most progressive platforms and FP software player in the market currently (just wining FP software of the year). They have a serious executive team with solid track records behind them and a will execute well with Integrated.
IMO the transaction Dash has done with Integrated is both highly strategic and offers huge synergies and upside, compared to that of PPS’s OneVue transaction where I see only risk and distraction. Industry speak is that IRESS bought a pup with OneVue and not surprisingly dumped it for good reason taking a bath in the process, there are no free lunches in this game.
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