Hexagram acquired by KFin Technologies

Hyderabad-based investor, KFin technologies has acquired Bengaluru-based IT product company Hexagram Fintech. The sum at which this acquisition took place is not disclosed yet. Hexagram will now be a wholly-owned subsidiary of KFin technologies and now would empower it to offer fund accounting and reconciliation solutions. Sreekanth Nadella, CEO, KFin Technologies, said, “Fund accounting has been a strong focus area for us and the acquisition will bring together some of the best minds in the space to create a truly global end-to-end platform for asset managers and intermediaries. We believe the adjacencies, innate synergies, domain expertise, and a compelling value proposition to the clients would help us achieve our stated objective to be the SaaS leader in asset management space”.