North Capital Investment Technology Inc., a privately held financial and regulatory technology company based in Salt Lake City, has announced that it has acquired all of the assets of Access Investors Network Inc., the developer of the AccessInvest iPhone application and syndication network.
“We are delighted to bring the AccessInvest network into our TransactCloud product suite,” said James P. Dowd, CEO of North Capital. “The AccessInvest team built a terrific platform, which we plan to connect to our existing network of funding platforms, fund managers, broker-dealers and other financial intermediaries,”
AccessInvest currently has about 30 relationships with funding platforms and broker-dealers who share their deals through the network. North Capital plans to add the ability to transact in these syndicated deals, among its first round of enhancements to the app, according to a statement from the company.
“We have entered a new era of investing with an influx of new investment opportunities available to a growing number of investors. We built AccessInvest as a next generation platform to fit this new era, creating a mobile tool that allows investors to discover new relevant deals and connecting investors and advisors with deal originators,” said Wen Wei, co-founder of Access Investors Network. “North Capital is a visionary organization who was quick to see the strategic importance of our innovation and we are excited to see them build AccessInvest into a cornerstone of the industry.”