Sudrania Fund Services Corp, a cloud-computing enabled fund administrator, has strengthened its market position by acquiring the primary assets of Triple Leo Consulting (TLC), a fund administrator that specialised in crypto and digital assets fund administration.
The acquisition means Sudrania has over 150 clients dedicated to crypto assets.
Sudrania’s clients in the crypto and digital assets space utilise Seamless Crypto, a cloud-based, fund administration platform designed to handle the unique operational needs required to service digital assets.
As part of the move, TLC founder Mike Quinn joins Sudrania in an advisory role and TLC’s entire staff has also joined the team.
Nilesh Sudrania, CEO of Sudrania Fund Services, explains that digital asset funds will “benefit tremendously from the powerful combination of institutional infrastructure, technology, and the high-touch professional services approach”.
Sundrania says: “We are pleased that as a unified firm all digital assets clients will benefit directly from our dedicated crypto fund cloud-technology solution, Seamless Crypto.”
Mike Quinn, founder and CEO of TLC, notes: “My vision was always to offer best-in-class services and solutions to clients where speed to market and accuracy are imperative. I am excited that our combined clientele will benefit from Sudrania’s technological leadership position, as the next chapter of this mission comes to fruition.”
Terms of the deal were not disclosed.
