Carlyle Agrees to Acquire Invesco Software Company Intelliflo

Carlyle Group Inc. has agreed to acquire Invesco Ltd.-backed software maker intelliflo for as much as $200 million.

The purchase price is comprised of $135 million at the closing of the deal and as much as $65 million in potential future earn-outs, according to a statement reviewed by Bloomberg News.

Founded in 2004, London-based intelliflo’s financial planning and management software platform is used by more than 30,000 professionals at approximately 2,600 advisory firms, according to the statement.

As part of the transaction, intelliflo’s US-based subsidiaries will become a standalone business called RedBlack and will be run by a ...