This Week’s Vendor News
DEAL ACTIVITY
SEI has acquired Novus Partners in a bid intended to target in-house investment teams.
From www.institutionalinvestor.com: “The firm announced the deal on Friday, although terms were not disclosed. According to Paul Klauder, executive vice president and head of SEI’s institutional group, the deal will fill a hole in SEI’s recently launched Enhanced Chief Investment Officer business.
‘“What we recognized a few months ago is that while we were very strong on the back office and middle office account, [we] had a product gap [in] analytics and technology and user interface,”’ said Klauder. ‘“The Novus Partners technology solved that.”’
Full story here.
PARTNERSHIPS & INTEGRATIONS
Accelex and Northern Trust have entered into a partnership to enhance the depth and range of alternative asset data.
From www.northerntrust.com: “Northern Trust has enhanced the depth and range of alternative asset data it can provide to asset owner clients through a collaboration with Accelex, a data acquisition, analytics, and reporting provider focused on the alternative investment space. The new capability for unstructured data complements other artificial intelligence-powered data extraction capabilities that Northern Trust has developed in-house for its alternative asset servicing business and for clients of Northern Trust’s Front Office Solutions platform.”
Read more here.
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Cyndx has joined 27 other companies in the Open Cap Table Coalition.
Says Cyndx: “It is the first time in the private company equity management space that industry leaders from the entrepreneurial ecosystem are coming together to improve the interoperability, transparency, and portability of startup cap table data.”
Read the announcement here.
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Chronograph and Lemonedge have announced a strategic partnership with the goals of integrating technology and workflows.
From www.privateequitywire.co.uk: “The partnership between the two firms will enable clients to streamline front-to-back-office investment operations through the integration of their technology and APIs.
Chronograph’s cloud-based software suite automates portfolio company data collection, valuations, analytics, and reporting for investors. Clients will now be able to integrate this critical investment performance data with the single, end-to-end fund administration and accounting processes they benefit from in LemonEdge’s platform.”
Read more here.
HIRING & PERSONNEL
Alkymi has welcomed Kshitiz Malhotra to their team as a data scientist.
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Chronograph, a New York-based portfolio monitoring, reporting, and diligence platform, is currently hiring for multiple roles.
Explore their open roles here.
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SS&C is currently hiring an Account Executive in the U.S.
Learn more about the role here.
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Sourcescrub is currently looking to expand its sales team.
Learn more and apply here for San Francisco, or here for New York.
VENDOR WHITEPAPERS
FIS Global has released a piece on becoming a data-empowered organization.
From www.fisglobal.com: “The top cloud, analytics and enterprise resource planning (ERP) software providers have taken proactive steps to make data exponentially more accessible in an effort to raise historically low success rates of data-driven projects.”
Read more here.
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UNTAP by EXM has released a brochure on portfolio management for private capital markets.
Download the brochure here.
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eFront has released an infographic on the benefits of international diversification for private markets.
Download the infographic here.
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CB Insights has released a report on 24 industries and the technology impacting the post-Covid worlds, and which ones could potentially thrive.
From www.cbinsights.com: “In industries from healthcare to education to finance to manufacturing, quarantine and extended work-from-home forced companies to use technology to reimagine nearly every facet of their operations. As the world reopens in fits and starts, we analyze the industries poised to thrive in a post-Covid world.”
Get the report here.
AWARDS
UNTAP by EXM has announced its selection by SE UK as the Tech Nation Rising Star Regional Winner.
Learn more here.
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