Blue Horizon Software acquires controlling interest in Nirvana Financial Solutions

CHICAGO, July 15, 2022 (GLOBE NEWSWIRE) — Nirvana Financial Solutions Inc. (“Nirvana” or the “Company”) and Blue Horizon Software Holdings (“Blue Horizon”), a Chicago-based SaaS platform based on Acquisition and Operations focuses on high-quality, customer-centric software companies and a portfolio company of Concentric Equity Partners (“CEP”) is pleased to announce the recapitalization of Nirvana Financial Solutions, Inc.

Blue Horizon’s investment allows Nirvana to provide liquidity to some of its current shareholders and accelerate its growth by adding sales and marketing resources, enhancing the solution offering and expanding the markets served.

Shams Karim, Nirvana’s Founder and CEO, along with the rest of Nirvana’s management team, will remain with the company in their current roles and continue to lead the company’s expansion and growth. Shams has elected not to sell an equity interest in the company and will continue to maintain a significant ownership position in Nirvana. Blue Horizon’s investment in Nirvana follows its previous investment in Synthesis Technology Corp., also a technology company serving wealth managers and asset owners.

Nirvana is a financial technology and services provider offering multi-asset class portfolio management, reporting and order management solutions to wealth managers and asset owners. The company’s mission is to simplify the investment implementation and decision-making process by integrating front, middle and back office workflows into one easy-to-use application. The Blue Horizon transaction provides Nirvana with a long-term partner to support the company’s continued growth and delivery of innovative products to investment managers, family offices, hedge funds and wealth management clients.

Founder and CEO, Shams Karim, stated, “We are delighted to partner with Blue Horizon. They have a long-term investment strategy and an impressive group of former software executives who will mentor and support the existing Nirvana team. The capital injection will allow us to invest in sales and marketing, become more competitive and accelerate our investments in technology, services and people. My team and I will continue to work hard, striving to delight our customers and earn the trust of the industry.”

Jeff Galowich, CEO of Blue Horizon, stated, “The asset management industry is plagued by complex workflows that present asset managers with exceptional business and operational challenges on a daily basis, and the client satisfaction that enables asset managers to meet these challenges. Through our partnership, we see an incredible opportunity to bring Nirvana’s industry-leading software, expertise and customer-centric culture to more financial institutions around the world. We look forward to partnering with Shams and his team.”

CEP and Blue Horizon are actively seeking partnerships with profitable software companies with stable recurring revenue streams, particularly those focused on the fintech sector. If you know any SaaS company looking for a financial/strategic partner to enable future growth, please contact us.


About Concentric Equity Partners:
Concentric Equity Partners is a private investment firm that partners with leading mid-market companies by providing capital and strategic advisory services to accelerate long-term value creation. Concentric’s approach is simple: Empower entrepreneurs and operators by providing the resources needed to achieve exceptional results. The firm’s investment team consists of individuals with a proven track record as operators and professional investors in a variety of growth-oriented mid-market companies.

Concentric Equity Partners is the direct investment arm of Financial Investments Corporation, a private wealth management firm and family office with over $2 billion in commitments under management. Founded in 1994 by father and daughter Harrison and Jennifer Steans, Financial Investments Corporation has worked with private companies for more than 25 years.

For more information on Concentric Equity Partners, please visit https://www.ficcep.com/.

About Blue Horizon:
Blue Horizon acquires and invests in profitable software companies with stable recurring revenue streams. The company was founded by Concentric Equity Partners, a Chicago-based family investment office, along with a team of entrepreneurs and operators with years of experience growing software companies from startups to public companies. The Blue Horizon platform combines long-term capital and industry expertise with an operating model that allows organizations and their leaders to focus on growth and profitability while Blue Horizon handles back-office operations. Blue Horizon creates value through long-term profitable operating results in a family of companies that achieve high levels of customer and employee satisfaction, rather than continually re-trading companies after a few years of ownership.

For more information about Blue Horizon, visit www.bluehorizonsoftware.com.

About Nirvana Financial Solutions:
Nirvana is a financial technology and services provider offering multi-asset class portfolio management, reporting and order management solutions to wealth managers and asset owners. Clients using Nirvana can consolidate disparate data across multiple counterparties, multiple accounts and multiple instruments in real-time from a single easy-to-use platform

For more information on Nirvana Financial Solutions, visit https://www.nirvanasolutions.com/

Media contact:
Ilene Stevens
istevens@ficcep.com

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