Featheringill Capital, based in Birmingham, has acquired a majority stake in Pennsylvania-based InvestEdge, which provides compliance software to financial institutions.
Senior InvestEdge management supported and participated in the transaction, the two firms said in announcing the deal. “Featheringill’s backing solidifies InvestEdge’s financial position and will provide access to capital for continued investment in the company’s products. As a result of this transaction, InvestEdge will be recognized as a majority woman-owned business.”
“The InvestEdge compliance solution is the most sophisticated we’ve seen. Given how important compliance monitoring is to a financial institution’s viability, we jumped at the chance to partner with the team at InvestEdge,” said Liz Pharo, managing partner at Featheringill.
“This transaction provides InvestEdge deep strategic and committed financial support to fulfill on our mission,” said Brian Burns, InvestEdge CEO.
Featheringill describes itself as championing the legacy of an acquired company’s founder. “Partnering closely with existing management teams, Featheringill provides access to financial, human, and strategic resources to ensure successful and responsible growth.”