D.A. Davidson & Co. Acts as Exclusive Strategic and Financial Advisor to Delta Data on Their Sale to BetaNXT

NEW YORK--(BUSINESS WIRE)--Jun 4, 2025--

D.A. Davidson & Co. announced today that it served as the exclusive financial and strategic advisor to Delta Data, a provider of operational software solutions tailored for fund distributors, asset managers, and transfer agents, on their sale to BetaNXT, a provider of wealth management technology solutions backed by Clearlake Capital Group and Motive Partners.

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“We’re grateful to Terminus Capital Partners for their steadfast support and strategic insight over the past several years,” said Cameron Routh, CEO of Delta Data. “With their partnership, we modernized our platform, expanded globally, and built a strong foundation for growth. Joining BetaNXT enables us to bring greater scale, innovation, and long-term value to our clients — a priority that remains at the heart of everything we do. We look forward to this new phase of growth and opportunity. And many thanks to D.A. Davidson for all of their counsel and guidance — their steady hand and deep domain expertise proved instrumental to achieving this successful outcome."

Founded in 1985, Delta Data helps financial institutions simplify the complexity of the global investment fund ecosystem. Industry participants use Delta Data's software to aggregate and settle trades, manage data, ensure compliance, track expenses, and reduce back-office costs leveraging proprietary, cloud-based technology.

"We are incredibly proud of Delta Data’s transformational growth over the past three and a half years — more than doubling revenue, migrating from on-premises infrastructure to the cloud, launching scalable new product offerings, and expanding into Canada and Europe,” said Alex Western, Managing Director of Terminus Capital Partners, the majority investor in Delta Data.

Delta Data’s technology will be integrated into BetaNXT’s DataXChange platform, which facilitates streamlined and flexible data sharing among wealth management firms and their partners. The integration is expected to enhance BetaNXT’s ability to address key operational pain points for a broader segment of the asset and wealth management value chain. The acquisition also positions BetaNXT to deliver a more comprehensive “Connected Wealth” experience, helping firms to improve advisor productivity, operational efficiency, and client engagement.

“This acquisition is a great example of the growing need for integration across the asset management / wealth value chain. Providing product advantages through integrated data and functionality at a better cost of ownership is paramount to continued company progress as the market needs continue to evolve," said Tom Selby, Managing Director, Technology Investment Banking at D.A. Davidson.

"Advising capital markets technology businesses like Delta Data on highly favorable outcomes is core to our FinTech practice. We're thrilled for the team on this strategic outcome and excited for BetaNXT as they embark on this next chapter together," said Michael Maxworthy, Managing Director, Technology Investment Banking at D.A. Davidson.

This transaction highlights the ongoing success of D.A. Davidson's Technology Investment Banking practice, which has completed 125+ transactions representing approximately $22 billion in value since 2020. D.A. Davidson’s Technology Investment Banking practice has coverage of financial technology, software, tech-enabled services, and communications technology.

D.A. Davidson’s Investment Banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: Consumer, Diversified Industrials, Financial Institutions, and Technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.

Subsidiaries include D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.

For more information, visit dadavidson.com.

D.A. Davidson & Co. announced today that it served as the exclusive financial and strategic advisor to Delta Data, backed by Terminus Capital Partners, on their Sale to BetaNXT, backed by Clearlake Capital Group and Motive Partners.

KYIV, Ukraine (AP) — Russia launched a second major drone and missile bombardment of Ukraine in four days, officials said Tuesday, aiming again at the power grid and apparently snubbing U.S.-led peace efforts as the war approaches the four-year mark.

Russia fired almost 300 drones, 18 ballistic missiles and seven cruise missiles at eight regions overnight, Ukrainian President Volodymyr Zelenskyy said on social media.

One strike in the northeastern Kharkiv region killed four people at a mail depot, and several hundred thousand households were without power in the Kyiv region, Zelenskyy said. The daytime temperature in the capital was -12 C (around 10 F). The streets were covered with ice, and the city rumbled with the noise from generators.

Four days earlier, Russia also sent hundreds of drones and dozens of missiles in a large-scale overnight attack and, for only the second time in the war, it used a powerful new hypersonic missile that struck western Ukraine in what appeared to be a clear warning to Kyiv’s NATO allies that it won’t back down.

On Monday, the United States accused Russia of a “ dangerous and inexplicable escalation ” of the fighting, when the Trump administration is trying to advance peace negotiations.

Tammy Bruce, the U.S. deputy ambassador to the United Nations, told an emergency meeting of the U.N. Security Council that Washington deplores “the staggering number of casualties” in the conflict and condemns Russia’s intensifying attacks on energy and other infrastructure.

Russia has sought to deny Ukrainian civilians heat and running water in the freezing winter months over the course of the war, hoping to wear down public resistance to Moscow’s full-scale invasion, which began on Feb. 24, 2022. Ukrainian officials describe the strategy as “weaponizing winter.”

In Ukraine’s Kharkiv region, the Russian attack also wounded 10 people, local authorities said.

In the southern city of Odesa, six people were wounded in the attack, said Oleh Kiper, the head of the regional military administration. The strikes damaged energy infrastructure, a hospital, a kindergarten, an educational facility and a number of residential buildings, he said.

Zelenskyy said that Ukraine is counting on quicker deliveries of agreed upon air defense systems from the U.S. and Europe, as well as new pledges of aid, to counter Russia’s latest onslaught.

Meanwhile, Russian air defenses shot down 11 Ukrainian drones overnight, Russia’s Ministry of Defense said Tuesday. Seven were reportedly destroyed over Russia’s Rostov region, where Gov. Yuri Slyusar confirmed an attack on the coastal city of Taganrog, about 40 kilometers (about 24 miles) east of the Ukrainian border, in Kyiv's latest long-range attack on Russian war-related facilities.

Ukraine’s military said domestically-produced drones hit a drone manufacturing facility in Taganrog. The Atlant Aero plant carries out design, manufacturing and testing of Molniya drones and components for Orion unmanned aerial vehicles, according to the General Staff of the Armed Forces of Ukraine. Explosions and a fire were reported at the site, with damage to production buildings confirmed, the General Staff said.

It wasn't possible to independently verify the reports.

Katie Marie Davies contributed to this report from Manchester, England.

Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kharkiv, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)

In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kharkiv, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)

In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kharkiv, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)

In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kharkiv, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)

In this photo provided by the Ukrainian Emergency Service, emergency services personnel work to extinguish a fire following a Russian attack in Kyiv region, Ukraine, Tuesday, Jan. 13, 2026. (Ukrainian Emergency Service via AP)