This Week’s Vendor News

NEW & UPDATED PRODUCTS

73 Strings launches 73 Monitor. Features of 73 Monitor include: 1 - Automated structured data collection: 73 Monitor automates the collection and integration of structured data from various financial sources, ensuring that data is gathered efficiently and accurately. This reduces manual data entry and enhances the reliability of the data used for analysis and decision-making. 2 - Scenario analysis and forecasting: The solution allows users to perform scenario analysis and forecasting, helping them evaluate potential outcomes and risks across different investment strategies. This feature is important for stress-testing portfolios and understanding the impact of various market conditions. 3 - Portfolio Management: 73 Monitor offers portfolio management tools that enable users to monitor and optimize their investments. With real-time data and analytics, users can make informed decisions to enhance portfolio performance and align with investment objectives. 4 - Customizable Reporting: The solution provides customizable reporting tools that allow users to generate insights tailored to their specific needs. These reports can be configured to meet regulatory requirements, ensuring compliance while delivering actionable information to stakeholders. ↗

G2 releases new update to connect software buyers and sellers with AI-Powered enhancements, including multilingual localization, streamlined workflows, and agents. Now available in Spanish, French, German, Portuguese, and English, with plans to expand to additional languages, this new localized experience help buyers discover the software solutions that best meet their business needs. Both buyers and sellers can enable this new experience on G2, ensuring an improved purchasing journey and enhanced seller opportunities. For sales and marketing teams, this localization unlocks advantages to: boost global pipeline, expand global reach, and win deals. G2 has also released a Specialized AI Agent — Monty for Sales — to elevate a business' sales strategy. For sales and marketing teams, Monty for Sales delivers advantages to: save time and focus on what matters, reduce sales labor by training Monty to handle initial buyer conversations directly from your G2 Profile, maximize visibility, tell the right story and stand out from competitors. Additionally, G2 is leveraging AI to deliver more data and actionable insights to both software buyers and sellers. With tools like sentiment analysis through Pros and Cons, Thought Provokers in the G2 Review Form to guide feedback, and an SEO Tool to elevate seller G2 Profile descriptions, G2 is enhancing the buyer-seller journey. These tools ensure informed decision-making, improved engagement, and increased visibility for sellers while creating a seamless experience for buyers. ↗

Asset Class unveils news features on its platform for December, including Performance Grids & LP portal enhancements. This release expands the functionality of Performance Grids, making them more flexible and easy to use for data collection and reporting. These enhancements support various use cases, from operational tracking to compliance. There are also new Field Types for Enhanced Data Collection. These include: 1 - Text Fields: Allow free-form answers. These fields make it easy to capture both structured and unstructured data, ensuring accurate and relevant reporting. 2 - Customizable Grid Field Types via the UI. Support for Text, Picklist, Currency, Number, and Percent inputs. Create and adjust fields =without technical expertise. This flexibility allows grids to be adapted for multiple scenarios, ensuring they meet the diverse needs of firms. 3- Improved Data Presentation: 1 - Clear Text Fields: Display qualitative data in a readable format. 2 - Flexible Picklists: Present dropdown options for easy review. These updates ensure data is easy to understand and actionable, reducing review time and increasing reporting accuracy. This release also introduces enhanced configurability for portfolio metrics, permitting firms to tailor the LP Dashboard to their unique needs. ↗

Aumni releases five new features on its platform this month. These new features are as follows: 1 - KPI X-ray: analyze projections and actuals in one click, view trends in performance and see variance in projections and actuals across your selection of company performance metrics, quickly access KPI notes and flexible filters. 2 - KPI Collection Dashboard: Track company responses in one dashboard. 3 - Supplemental Documents: Store any company document. 4 - Market Insights: Secondaries - Analyze venture secondary market trends. View secondary market transaction volume and frequency of premium, par, and discounted prices. 5 - Market Insights: Time between rounds - Understand fundraising cycles in today’s environment. The dashboard aggregates data points from deals to show trends in months between rounds filterable by valuation, median, and average. ↗

Deloitte launches AI Assist, an integrated suite of GenAI solutions. AI Assist is an end-to-end accelerator that embeds Generative AI capabilities into every phase of the software development life cycle, enhancing efficiency, productivity, and consistency across teams. By integrating new capabilities into existing workflows, creating a cohesive process and automating mundane tasks, AI Assist can help teams increase productivity, improve product quality and output, and drive innovation. ↗

FactSet introduces FactSet Pitch Creator, an AI-powered suite that automates the tasks of pitchbook creations. Product highlights include: 1 - Maximize productivity, minimize cost, and experience informational discoverability with embedded AI-powered search functions. 2 - Minimize time spent on low-impact tasks like reformatting presentations or updating charts by using features like Text to Formula, which lets you build and insert codes dynamically into Excel. 3 - Simplify your workflows to increase your team’s output of high-quality pitchbooks. Junior bankers can benefit from FactSet Pitch Creator by saving the time they need to deliver on high-impact tasks while senior bankers can increase deal capacity, maximize productivity and drive revenue growth. ↗

DEAL ACTIVITY

Allvue Systems acquires PFA Solutions. PFA’s flagship product, FirmView, combined with Allvue’s platform, will help CFOs and finance teams streamline fund operations and accounting workflows. The addition of PFA Solutions’ capabilities to Allvue’s software platform delivers the tools to: 1 - Streamline Carried Interest and Compensation: Manage complex carry and compensation structures with efficiency and eliminate reliance on error-prone spreadsheets. 2 - Optimize Compensation, Planning and Recommendations: Update the compensation cycle by digitizing the review and approval process and automating compliance with compensation guidelines. ↗

PARTNERSHIPS & INTEGRATIONS

Mosaic and FactSet Data form strategic alliance to streamline public-to-private deal modeling. Now, FactSet's financial and market data will automatically populate Mosaic's deal modeling engine for seamless screening of public-to-private transactions. This integration allows private equity firms and investment banks using Mosaic to conduct complex take-private analysis in under one minute, leveraging FactSet's datasets, including fundamental financials, consensus estimates, and real-time market pricing – paired with the user's differentiated judgments on appropriate capital structure and exit for the deal. With this integration, dealmakers can now accelerate their deal idea generation processes by completing analyses in minutes - what used to take hours in legacy, spreadsheet-based workflows. Mosaic's platform is now enhanced by FactSet's data, enabling accurate insights for better-informed investment decisions. ↗

Similarweb and S&P Global Market Intelligence partner together to enhance transparency within credit risk. S&P Global sought a data solution that could provide insights into corporate activity, market dynamics, and emerging risks—helping institutions make risk management decisions. The goal of this collaboration is to provide transparency within credit risk, enhancing risk scoring and mitigating credit transitions. This integration provides institutions with the ability to: 1 - Monitor corporate performance: Spot trends that indicate growth or decline with a view on digital activity. 2- Identify early warning signs of distress: Use digital signals such as declining traffic or engagement to highlight risk trends. 3 - Enhance credit assessment accuracy: Combine digital behavior data with S&P’s credit analytics for a comprehensive view of a company’s activities. ↗

Validus Risk Management launches the Validus-VRG Momentum Fund in partnership with VRG Capital. This collaboration blends Validus’ experience in risk and investment management with VRG’s algorithmic technology to offer a fund based on a proprietary momentum strategy that’s been live since 2022. ↗

Sovereign Consulting partners with Persefoni to create its first corporate greenhouse gas inventory. Using Persefoni’s platform and support, the Sovereign team: 1 - built a transparent, auditable GHG inventory aligned with standards, 2 - streamlined data collection processes to make future calculations easier, 3 - strengthened client relationships by delivering detailed emissions data. With this foundation, Sovereign is now crafting a decarbonization strategy to reduce their carbon footprint and help their clients meet sustainability goals too. ↗

Alto partners with WebStreet to help users gain exposure to alternative assets through their IRA. This integration gives users the ability to use tax-advantaged retirement funds to diversify into alternative assets, including cash-flowing digital businesses. Under this partnership, users can transfer funds from their existing IRA or open a new self-directed IRA with Alto, then invest directly with WebStreet. ↗

Attio integrates with Whalesync, which helps Attio merge with tools like Notion, Airtable, Google Sheets and more in a 2-way sync. What having an Attio connector means: real-time updates across your entire tech stack, streamlined views into your deal flow and less manual work and less errors. Users can use Attio’s Chrome extension to capture leads from LinkedIn, then let Whalesync populate them across Notion, Airtable, or any other connected tool. ↗

Finalis welcomes Periodic Financial Corp as its new partner. Periodic Financial Corp is a Wyoming-based investment management company with headquarters in Boise, Idaho, and development offices in the United Kingdom. Finalis will help Periodic Financial Corp by simplifying complex processes and unlocking new growth opportunities in the private capital markets. ↗

Broadridge signs partnership with the Crypto Carbon Ratings Institute. This integration combines CCRI’s sustainability data with Broadridge’s ClearFI digital asset information and disclosure platform, enabling financial services firms to demonstrate compliance with the European Union’s Markets in Crypto-Assets regulations. The EU’s MiCA framework is designed to stabilize financial markets, protect investors, and enhance transparency in the crypto sector. MiCA requires Crypto-Asset Service Providers, including exchanges, brokers and custody providers operating in the EU to present their customers with sustainability metrics in addition to generating and filing whitepapers with Member States for each of the assets enabled on their platforms. The combined dataset enabled through this partnership will enable Broadridge to assist CASPs in satisfying these regulations. ↗

Nasdaq Private Markets unveils new data partnership with PM Insights for enhanced transparency. Through this collaboration, NPM's SecondMarket Employee Direct platform will now feature PMi's pricing data, providing employee shareholders with market insights. Benefits of this partnership include: enhanced visibility for pre-IPO share values, access to reliable pricing data for hundreds of late-stage private companies, independent, multi-sourced data validation and improved liquidity opportunities in private markets. ↗

Greenscope and SESAMm join forces for comprehensive ESG data and monitoring. Through this partnership, SESAMm's ESG controversy data will be integrated into Greenscope's platform, which will show a comprehensive view of ESG performance and associated reputation risks, all in one place. ↗

SEI announces strategic partnership with Pension Insurance Corporation, a specialist UK insurer. SEI and PIC will enable trustees the means to transfer defined contribution pension benefits and additional voluntary contributions into the SEI Master Trust in bulk as part of their buy-out arrangements. As a result of this strategic partnership, defined benefit scheme members with DC and AVC arrangements will be able to access the SEI Master Trust. ↗

SS&C signs agreement with Insignia Financial to deliver superannuation member administration services. Insignia Financial supports around 1.1 million superannuation fund members through its wealth management offerings. Upon signing a final binding agreement, more than 1,000 team members in seven offices across Australia will transfer from Insignia to SS&C. The team will then leverage SS&C's in-house technology to automate processes and streamline operations. ↗

Svalner, a Swedish independent financial advisory firm, has selected Entrilia as the technology platform for its new fund administration offering. Svalner is now leveraging Entrilia’s fund accounting, reporting and investor relations software to deliver scalable solutions for its clients in the Nordic private capital market. ↗

Svalner also selects qashqade to automate their fund distribution waterfalls and GP carried interest reporting. Svalner is a Swedish group of independent specialists in tax and financial transaction advisory. Svalner is expanding its Fund Services division with a dedicated focus on fund administration, so to address the challenges of fund admin, Svalner chose qashqade for its flexible calculation engine and accuracy in reporting fund distributions and carried interest across a range of private funds. Furthermore, qashqade’s integration with the Entrilia fund accounting platform provided an operational advantage. ↗

Vintage Investment Partners, a global investment fund managing $4 billion in assets, is now streamlining their fundraising, investor relations, and communications with Backstop Solutions. Backstop offers firms like Vintage: 1 - a holistic view of the investor lifecycle, 2- industry-focused CRM and investor relations management and 3 - seamless tools for fundraising, reporting, and collaboration. ↗

Kenston Capital Partners chooses PE Front Office to eliminate redundancies of internal reporting. Kenston Capital Partners , which provides senior secured debt financing to early-stage deep tech and health tech companies, needed a single source for information to eliminate redundancy of various forms of internal reporting. To streamline the process, reduce the errors, and eradicate the complexities of multiple excel files, it turned to PE Front Office. Since Kenston provides non-dilutive capital to enable its borrowers to execute their business plans, it also needed a platform to manage its LP information and help its LPs save time to manage efficiently. Kenston subscribed to the full suite of PE Front Office for an end-to-end solution that covers all their needs. From deal sourcing to exit, Kenston is able to get a scalable platform that also supports fund management, LP communication, portfolio monitoring, and compliance. ↗

Arch has chosen Sequence to automate their end-to-end accounts receivable workflow. Arch can now benefit from Sequence's: 1 - Flexible billing engine purpose-built to generate accurate invoices for Arch’s bespoke contracts. 2 - CPQ module to create custom quotes with dynamic pricing and automate the sales to finance handover, eliminating invoicing errors. 3 - Revenue recognition module to track recurring revenue in real time and streamline their month-end process with automated journal reports. ↗

Frontier Asset Management selects SEI to launch active ETFs. Frontier Asset Management selected the Advisors’ Inner Circle Fund series trust as its operational platform to launch six new active ETFs, including: Frontier Asset Absolute Return ETF (NYSE: FARX), Frontier Asset Core Bond ETF (NYSE: FCBD), Frontier Asset, Opportunistic Credit ETF (NYSE: FOPC), Frontier Asset Global Small Cap Equity ETF (NYSE: FGSM), Frontier Asset Total International Equity ETF (NYSE: FINT) and Frontier Asset U.S. Large Cap Equity ETF (NYSE: FLCE). ↗

Premier Financial Services selects PAXUS to assist with their recently launched fund administration business line. PAXUS will support the entire back-office fund administration for Premier Financial Services' open and closed ended alternative funds, including fund accounting and transfer agency in an automated and integrated system. ↗

OFFICE & PERSONNEL

Delio appoints Felicia Meyerowitz Singh as its new Chair. With over twenty years of experience in financial services, working for companies such as PWC and Howden before becoming a Managing Director at FNZ, Singh has experience in the wealth sector and across financial services. Singh currently serves as a non-executive director at Platform One, a FCA-regulated investment platform, as well as on the board for Engage Smarter AI, which leverages AI for customer services and financial guidance. ↗

Dominic Critchley promoted to Senior Vice President of Fund Accounting at Colmore. Critchley is now responsible for covering UK and European fund accounting, compliance, and tax services. ↗

Lori Martel joins InvestorFlow as Chief Product Officer. Martel brings 25+ years of experience in product leadership roles across financial services, banking and wealth management. Until a few years ago, Martel was a Vice President at Envestnet | Yodlee for more than six years. She also spent time at Oracle as Director, Product Management and a few years as Vice President, Head of Product at Delta Dental Ins. ↗

Juniper Square welcomes Eric Jenny as its new Chief Financial Officer and Eric Thum as Senior Vice President of Marketing. Jenny spent the last seven years as CFO at SOCi, a co-marketing cloud platform, while Thum was VP, Head of Marketing at VTS, a real estate technology platform. ↗

FactSet appoints Barak Eilam to Board of Directors. Eilam will also serve on FactSet’s Compensation and Talent Committee. Eilam is currently serving as CEO of NICE, an enterprise software company specializing in analytics and AI solutions, through the end of 2024. He began his career as an engineer at NICE in 1999. Throughout his 25 years at the company, Eilam held several senior executive positions in engineering, product management, and sales leadership, including President of NICE America. In addition to his role at FactSet, Eilam serves on the boards of HMH, a K-12 education company, and SimilarWeb. ↗

OneTrust has opened its new office in Melbourne. This expansion allows OneTrust to deepen its commitment to serving customers across Australia and the region. ↗

June Yang appointed to MSCI Board of Directors. Yang, former Vice President, Cloud AI and Industry Solutions at Google Cloud, has been appointed to serve as an independent director on MSCI’s Board of Directors, effective December 17 2024. At Google Cloud, Yang was responsible for the portfolio of Google Cloud AI products and solutions. ↗

Simcorp appoints Jeff Conway to Board of Directors. Conway’s career spans more than 30 years at State Street Corporation, where he was a long-standing member of the firm’s management committee and held positions such as Head of Global Delivery and Business Transformation and CEO for Europe, the Middle East, and Africa. He also served as HSBC’s Global Chief Operating Officer for the Wholesale Bank with oversight for employees across 54 countries. He is currently a Senior Advisor within Boston Consulting Group’s Financial Institutions Practice and serves on the Boards of Lydonia Technologies and Secro Inc. SimCorp also announced that Anne Louise Eberhard is stepping down from the Board at her own request. ↗

Broadridge Financial Solutions appoints Ashima Ghei as the Company’s Chief Financial Officer, effectively immediately. Ghei has led Broadridge’s global Finance team as Interim CFO since July 1, 2024. Ghei joined Broadridge in January 2022 as CFO of Broadridge’s Investor Communications business, where she spearheaded investment optimization, product profitability initiatives, pricing, contract negotiation, and planning and analytics. Prior to Broadridge, Ghei had an 18-year career with American Express, where she most recently served as its Head of Merchant Pricing for the Americas. ↗

Northern Trust names Kashif Khalid as Head of Middle East and Africa. In his new role, Khalid is responsible for the strategic development and business growth of Northern Trust’s asset servicing business across the Middle East and Africa. Khalid joins Northern Trust from SimCorp where he was Managing Director of the Middle East and Africa. He oversaw the region’s business and growth into key markets, working with sovereign wealth funds, pension funds and central banks in the region. ↗

VENDOR RESEARCH & WHITEPAPERS

Beauhurst has a new blog, "IPO vs Acquisition: How to Tell if a Company is About to Exit". In this blog, Beauhurst describes some potential signals for a startup’s exit — increasing profitability, industry consolidation, or a strong market position attractive to acquirers or public markets. Beauhurst feels that while the ecosystem continues to evolve, these indicators remain pivotal in shaping exit strategies. ↗

Anaplan has a new blog, "Three steps to future-proofed forecasting and financial consolidation". In this blog, Anaplan discusses the need for a shift in the strategic approach to technology adoption to ensure that teams can benefit from automation. ↗

AWARDS

Canoe named winner of “Best Data Ops Solution Provider” at the Data Management Insight Awards Europe 2024. These awards recognize both established solution vendors and newcomers providing data management solutions, services, and consultancy to capital markets participants across Europe. ↗

Atominvest announced as ''Best PE & VC Software Development Company 2024'' by Wealth & Finance International at the Private Equity and Venture Capital Awards 2024. ↗

The winners of the 2024 Institutional Asset Manager Service Provider Awards were announced. Winners from our Vendor Profiles database include:

Best Data Vendor- Preqin
Best Alternative Data Provider- Preqin
Best Data Analytics Provider- Preqin
Best ESG Rating Provider- MSCI
Best ESG Data Provider- Preqin
Best ESG Research Provider- Preqin
Best Risk Management Software Provider- FactSet
Best Outsourced Trading Solution Provider- Northern Trust
Best Research Provider- Preqin

Congrats to all the winners! ↗