ViewPoint Capital Partners, a software-focused private equity firm, will make a double-digit million-dollar investment in Dovetail, a provider of next generation payment services hubs.
The investment will support Dovetail’s continued growth and innovation in the payment systems industry, building on its strong market position. Dovetail’s payment services hub technology enables global transaction banks and regional banks to provide ‘business winning capabilities’, as well as address additional market and regulatory requirements.
Urs Ehrismann, managing partner of ViewPoint, said: “We have been impressed with Dovetail’s proven ability to grow with top-tier international banks and to deploy its next generation payment technology in global lighthouse installations. Dovetail is on trend and the market increasingly recognises the advantages Dovetail can unlock. These factors and a very positive market outlook have made investing in Dovetail very opportune. We look forward to working with the team as the market establishes Dovetail as the leading player in the banking software market.”
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