[By NBC-1TV H. J Yook]Data management software vendor, Asset Control, has been acquired by Marlin Equity Partners (“Marlin”). The deal will enable Asset Control to invest in its products and strategic initiatives, while maintaining best practices in implementation and support for its global client base.

Dean Goodermote, CEO of Asset Control, said, “This is a very positive step for Asset Control and our clients, providing greater strategic clarity for the company. It is a clear vote of confidence in the business and our products, and will enable us to focus on developing both. Marlin‘s operational experience in financial services software and access to capital make them the ideal partner to help us in our next phase of growth. We are enthusiastic about Asset Control’s future under Marlin's stewardship, which will be centered on high quality products and high quality client service.”

Shawn McMorran, Managing Director of Marlin's London office, added, “We are excited to add another successful and respected business like Asset Control to our growing European portfolio. Asset Control represents an excellent platform for growth in the data management and financial software industry and is perfectly placed to take advantage of the cost and regulation driven demand for more effective data management in financial institutions.”