InvestCloud and Lightport have announced a merger that will result in better cloud-based options for asset managers and investment advisors.

The firm will be aim to deliver a fully integrated cloud-based platform to the advisory market by combining Lightport’s portal capabilities and document/data reporting with InvestCloud’s next-generation financial applet platform.

“Lightport is the ideal partner to broaden our footprint in the asset management and advisory space," said InvestCloud’s CEO John Wise. "As the most established cloud-based reporting provider to larger advisors and mid-tier managers, Lightport clients already understand the value and efficiencies that come with cloud-based delivery. … This merger will allow us to introduce to those clients a comprehensive range of new reporting and financial applet capability and efficiencies that current legacy applications do not provide.”

Jonathan Bentley, founder and CEO of Lightport, said, “In 2012 Q4, Lightport started using InvestCloud’s platform. We quickly realized that InvestCloud’s approach of creating ‘programs that write financial programs’ results in massive flexibility and provides custom applets without the overhead of programming and maintenance. Now we can provide a combination of custom portal design, hosting and content management, along with complete front-, middle- and back-office applets, through a flexible implementation approach using InvestCloud’s applet store and incremental applet-based licensing model."

"Our mission is to enable all investment managers to have access to a world-class investment platform through the cloud," said Wise. "InvestCloud’s innovation, coupled with our industry knowledge and advanced technology, has resulted in the first comprehensive cloud-based services offering that is fully customized for any size firm. We are the ideal solution for those managers and advisors wanting to provide a branded and consolidated view to their clients, advisors, operations staff and portfolio managers."

The Lightport name will continue to be used as the brand name for InvestCloud’s client reporting applets and portal design services. For more information, visit www.InvestCloud.com.