✅ Dynamo Software Secures Strategic Growth Investment From Blackstone Growth
Today, we start off with how Dynamo Software has secured a new investment deal from funds managed by Blackstone Growth. On top of that, existing investor Francisco Partners will also reinvest in the company, which has grown rapidly in the last four years. The investment will help drive Dynamo’s expansion into new global markets and continued product development. Hank Boughner, Dynamo CEO, said this investment from Blackstone validates Dynamo’s position as a leading provider of cloud software to the alternatives sector. Vincent Letteri and Jonathan Murphy at Blackstone added that as the company sees the significant tailwinds behind the sector. Because of this, they believe it will continue to increase the size and complexity of the individual firms and drive the continued formation of new investment funds. This creates a tremendous growth opportunity for Dynamo, whose products are already trusted by many of the largest managers and allocators in the industry. As it appears, Dynamo has now built the most comprehensive cloud platform in the alternatives industry. It will be interesting to see where Dynamo goes from here and whether these latest investments will help them achieve their goals.
✅ Digital Inequalities Based On Wealth And Geography Are Still Prolific Across Asia And Pacific
Our next digest zeroes in on digital inequality, and how it is still a prevalent issue in Asia and across the Pacific. The Internet has allowed many to work, learn, and socialize while living with pandemic restrictions. Having that said, connectivity is still a pipe dream for many individuals in poor, rural areas of Asia and the Pacific. Across the region, in poorer and less urbanized countries, infrastructure development and internet use are lagging. This pattern is also visible at the subnational level, even in high-income countries, where city dwellers consistently have better Internet access than those living in less urban settings. Domestic policies, such as the introduction of competition in the mobile phone market play important roles in achieving meaningful and affordable Internet connectivity. In Bhutan, for example, fiber-optic networks were deployed along the electricity grid. Indonesia, through its universal service obligation and related funds, now has the most affordable data among developing and emerging economies. Today, social inclusion requires reliable and affordable Internet access. Moreover, the meaningful connectivity targets can serve as a useful framework for countries to evaluate whether equity is being achieved.