Luxembourg-based fund administrator Alter Domus said on Thursday that it has acquired the Solvas suite of business IT solutions from Deloitte Touche LLP, a subsidiary of Deloitte LLP, for an undisclosed amount.
Solvas is a loan and debt servicing software platform that has been developed over 20 years under Deloitte. It serves major asset managers and trustees in the collateralised loan obligation – CLO – markets worldwide, a market important for Luxembourg.
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