Asset Vantage acquires Financial Navigator

Asset Vantage Inc., a Santa Clara, Calif.,-based provider of cloud-based asset management, accounting and reporting systems, has acquired Financial Navigator Inc., a provider of accounting and portfolio-tracking software also based in Santa Clara. The two firms focus on family offices and multi-family offices, and have a combined customer base of more than 300 families worldwide. Terms of the deal were not announced. The addition of Financial Navigator will enable Asset Vantage to further penetrate the wealth management accounting software market in North America, the company said in a release.