"We are excited about the innovative ideas that Defiance has in-store for The Q.” - Kevin Carney, Managing Partner at Kingsmen Software
CHARLOTTE, N.C. (PRWEB) August 10, 2020
Kingsmen Software, a software services firm finalized a transaction to sell the majority ownership of “The Q” to Charlotte-based Defiance Ventures for an undisclosed amount. “The Q” is a fixed income syndicate pipeline and analytics platform.
“We custom-built The Q for one of our large banking clients and transformed it into a SaaS offering for us,” explained Kevin Carney, Managing Partner for Kingsmen. “The Q is a feature-rich platform that has matured over the course of 5 years in a production environment. We are excited about the innovative ideas that Defiance has in-store for The Q.”
“At Defiance Ventures, we look for opportunities to invest in robust products that have a strong potential for growth,” said Tareq Amin, co-founder of Defiance Ventures. “The Q is a sophisticated capital markets platform that can benefit from the latest technologies.”
The Q platform facilitates the tracking of investment grade and high yield fixed income syndicate deals including fee calculation, revenue forecasting and accrual, underwriting approval, capital allocation, Volcker reporting, banker scorecards, Control Room reporting, and fee payments and reconciliation.
Greg Hart, Co-Founder and Managing Partner of Kingsmen added: “The Q is the first platform we built at Kingsmen, so there’s a sentimental value to us. But we are excited that Defiance will take The Q to the next level and let it live up to its true potential. It’s not solely about investment dollars—we appreciate that Defiance is local to Charlotte and shares our same enthusiasm for the future of the platform.”
Kingsmen will retain a minority stake which will enable them to continue to contribute to the long-term success of The Q.
About Defiance Ventures
Defiance Ventures is a venture builder focused on B2B enterprise technology companies. It combines capital and early stage investment expertise with real world capabilities spanning marketing, branding, sales, application development, and cloud architecture to help its portfolio of technology companies to disrupt their respective industries.
About Kingsmen Software
Kingsmen Software is a software development company that crafts high-quality software products and helps their clients do the same via their exclusive approach, The Kingsmen Way, which combines processes, tooling, automation, and frameworks to enable scalability, efficiency, and business agility. Kingsmen’s software studio is located in the historic Camden Cotton Mill in Fourth Ward in Uptown Charlotte, NC. Visit http://www.kingsmensoftware.com.