This Week’s Vendor News

NEW & UPDATED PRODUCTS

SimCorp has introduced its new flagship integrated platform solution for the global buy-side, SimCorp One. SimCorp One includes Dimension, Axioma, Client Communications, Data Management Services, Business Services as well as SimCorp’s ecosystem of third-party solutions -- all connected to the Investment Book Of Records. Combining SimCorp's software and services into one integrated platform enables faster and more cost-effective business solutions and decision making, by delivering best practice workflows and reducing the time-to-value for clients . ↗

FactSet has added to its portfolio management solutions with the launch of PM Hub. PM Hub provides institutional portfolio managers with an solution that streamlines portfolio management and seamlessly integrates with research and trading workflows. With PM Hub, users can view real-time updates on multi-asset class portfolio performance, risk, and composition; compare pre- and post-trade analytics; monitor external research, including news, upcoming events, and behavioral analytics; and review their firm's bespoke internal research. PM Hub allows users to perform 'what-if' trade simulations without needing to create orders for a more efficient and informed decision-making process. PM Hub aligns with FactSet’s flagship portfolio analysis tool for internal accuracy and reliability and One of PM Hub's key differentiators is its seamless integration with FactSet’s Research Management System (RMS) platform, connecting both internal analyst and broker research directly to the portfolio manager's workflow to enhance collaboration and streamline the investment process. ↗

Apex Group has launched Apex Tempo powered by Capcade. Apex Tempo, available for all clients in July 2024, will enhance the way Apex engages with its clients and facilitates seamless collaboration with multiple stakeholders in one place. Key features include: In-platform chat, document collaboration, task management and virtual data room. ↗

73 Strings has launched Audit Mode, a new feature on its platform that provides data transparency. With Audit Mode users can verify data accuracy, effortlessly review, ensure data transparency and trace data source. Audit Mode is beneficial for Investment Teams, Fund Managers and Auditors. ↗

OneTrust has unveiled the evolution of its Partner Program, which highlights its commitment to accelerating alliance and customer success. New benefits make it easier for alliances to expand their capabilities, drive customer value, and unlock new revenue opportunities. The evolved OneTrust Partner Program will enable and reward OneTrust partners and alliances as they build differentiated practices and cultivate expertise with OneTrust solutions. Enhancements to OneTrust’s Partner Program include: enablement and certification benefits to extend expertise, enhanced partner and alliance experience to accelerate impact and expanded incentives to enable growth. ↗

Mergr has one made small product update on its platform. Now, if users are curious which PE firm acquisitions came from PE and/or from Corporates, you can easily isolate based on this attribute. ↗

Inex One has refreshed the landing page on its website. On the landing page, Inex One added =customer testimonials and case studies from its users. ↗

Daloopa has launched a new feature on its platform, Hyperlink Toggle. Now users can turn Daloopa hyperlinks "on" or "off" in their financial models with a click of a button, giving them even more control over their workflow. The Hyperlink Toggle allows users to better focus on what they want and when they want it. ↗

Attio has launched a new referral program on its platform. The referral program works by: 1) first, users genrate a unique link - find more teams who need Attio and give them 10% off their subscription with your unique link. 2)One billed seat equals one point- earn points every time one of your referred accounts converts to one of Attio's paid plans. 3) Earn exclusive rewards - Use your points to redeem up to $2.5k in rewards, from Attio merch to an Apple display. ↗

Salesforce has launched its Sustainable AI Policy Principles, a framework aimed at guiding AI regulation to minimize environmental impact and spur climate innovation. This series of new initiatives is designed to foster a more sustainable and equitable future through the use of AI. Salesforce has also selected five new nonprofits for its Salesforce Accelerator – AI for Impact, which focuses on climate action. This accelerator cohort will empower purpose-driven organizations to leverage AI solutions in addressing the urgent challenges of climate change. ↗

DEAL ACTIVITY

Anaplan has entered into a definitive agreement to acquire Fluence Technologies. The integration of Fluence into the Anaplan platform will provide: consolidations, disclosure management and Excel Reporting. The acquisition is expected to close in early May. ↗

Finsight Group has acquired T-REX. Along with the acquisition, FINSIGHT has welcomed Benjamin Cohen, T-REX Founder and CEO, Arad Shaiber, CTO, as well as additional T-REX employees across the US and Tel Aviv. The acquisition expands FINSIGHT’s structured finance transaction services and market data solutions with T-REX’s collateral and cashflow modeling engines. The transaction closed on Tuesday, April 24, 2024. ↗

PARTNERSHIPS & INTEGRATIONS

RelPro has integrated Census Tract data into its platform. With this new data available, bankers can identify prospect and client businesses located in targeted Census Tracts. Using this additional data, bankers can gain insights into the demographics of specific Census areas, including income level, percentage of minority population and whether the tract is a designated disaster area. The addition of Census Tract intelligence provides bankers with valuable insights to enhance their company research and facilitate targeted and effective community engagement efforts. ↗

Addepar has welcomed WealthHub Solutions to its partner program. Benefits of this partnership include: up-to-date financial information easily available for customer service and communications, combine special asset management with Addepar’s portfolio management, autopopulate your UHNW workflows and leverage Addepar widgets. ↗

Tokeny and Globacap have partnered to expand the DINO Network and enhance the distribution landscape for tokenized private assets. Globacap is now part of the DINO Network initiative, a distribution network for digital securities leveraging the ERC-3643 token standard, to expand the reach of its marketplace. Tokeny acts as a connector provider between Globacap and the DINO Network. Combined with Globacap’s workflow automation software, this partnership's goal is to bring public market-like efficiency to private markets, enabling greater execution capabilities in secondary markets, streamlining workflows, and ensuring record integrity. ↗

Arcadia is partnering with Sweep to streamline carbon and ESG metrics in one place. This partnership marks Arcadia’s expansion into Europe with its first EU-based software vendor partner. This partnership will work since Arcadia’s DataHub solution provides aggregated meter usage data to the meter or site level; its ESG tables also standardize units of measure and calendarize usages. That dataset will be integrated with Sweep’s platform for GHG calculations, Scope 1 and 2 measurements, and additional carbon reporting analytics. ↗

Freyda has formed a strategic partnership with Fencore, a provider of no-code, cloud native data management solutions for investment owners and managers. By combining Fencore's data management capabilities with Freyda's document processing technology tailored for private markets, they'll allows firms to streamline previously fragmented processes into a unified workflow - easily ingesting documents, automatically extracting key information with accuracy, and syncing that data directly into Fencore's centralized repository. This integration aims to drive efficiency, reduce operational risk, and unlock insights for investment decision-making. ↗

Schroders Capital and iCapital have announced a strategic partnership that enables Schroders Capital to broaden access to wealth managers for its semi-liquid global private equity strategy. With this collaboration, Schroders Capital will leverage iCapital’s technology platform and operating system to manage the investment and education experience at scale. By listing the Schroders Capital semi liquid global private equity strategy on the platform, Schroders Capital gains access to iCapital’s global network of wealth managers, supporting the expansion of its distribution strategy. Schroders Capital Semi-Liquid Global Private Equity is available to investors in Latin America, Canada, Hong Kong, Singapore and Switzerland. ↗

Ark has been selected by Kranz to enhance fund operations and investor reporting. Ark recently embarked on an agreement with Kranz Consulting whereby Ark will integrate its fund operations and investor reporting solutions with Kranz’s service offerings. This partnership ensures streamlined administration, enhanced risk mitigation, and improved overall operational efficiency, enabling Kranz to further elevate its services to their clients. ↗

KEY ESG has announced that A.P. Moller Capital has signed on as a new client to enhance its ESG reporting. Additionally, A.P. Moller Capital is working closely with KEY ESG’s product development team to develop new product features which will allow them to use KEY's platform as a 360 hub for all their ESG management needs and defining ESG action plans from acquisition to exit. ↗

CAPTRUST has selected CAIS to centralize and streamline all alternative investments. CAPTRUST is an independent financial advisory firm with more than $800 billion in client assets under advisement. CAPTRUST advisors will leverage CAIS’ SaaS technology to consolidate their alternative investment products and processes onto a single platform, creating an enhanced, unified alts experience. CAPTRUST’s network of advisors will also have access to integrated advisor education via CAIS IQ, expanded support for structured investments, and coverage through CAIS’ 70+ advisor-facing professionals. The CAIS platform will also provide seamless integrations into CAPTRUSTs custodians and reporting providers, including BNY Mellon’s Pershing, Fidelity, Charles Schwab, and Black Diamond, for more efficient data management and reporting. ↗

Apex Group has selected Nexus Assurance to deliver digital solutions to support outsourcing governance. Apex will be integrating Nexus Assurance's flagship platform, Navigator to support the digitization of their outsourcing governance framework across the group. ↗

OFFICE & PERSONNEL

ListAlpha has welcomed Sergey Shchegrikovich to the company as its Chief Technology Officer. Shchegrikovich will lead ListAlpha's technical team and will oversee the development of new product features. Before joining ListAlpha, he was Head of Web Services, CTO in Residence at Palta. ↗

Nancy Thompstone is the new Senior Vice President - Business Development at Citco. Until recently, Thomostone was a Commercial Manager at Langham Hall where she spent over eight years. ↗

Fionn Thielitz has started a new position as a Business Development Representative at OneTrust. Additionally, Lauren Fourie is now the Commercial Advisory Director at OneTrust. Fourie joins the company in its brand-new, recently-established office in Amsterdam. She comes from Celonis where she was a Strategic Account Advisor, EMEA North & APAC. Lastly, Kristina Parry is the new Director, HR Business Partner. She comes from Onapsis where she was the Director, Human Resources. ↗

Luis Rivera has started a new position as Senior Business Development Representative at Green Project Technologies. Until recently, Rivera was name a Climate Engagement Manager at Greenly. ↗

Eddie Shaw has transitioned to a new role as an Account Executive at Allvue. After 2.5 years as a Sales Engineer at Allvue, Shaw will now help drive new business growth within the Private Equity & Venture Capital space. ↗

Simona Shao has joined IDR Group as its Commercial Development Manager. Before joining IDR in March, Shao was a private banker with J.P. Morgan Private Bank, where she spent over four years. ↗

Dealstack has welcomed Paul Breslin to the team as a Senior Software Developer. Breslin brings over 10 years of experience, most recently at Robin AI, where he honed his skills building AI-powered solutions in legal tech. ↗

Ryan Coakley is now an Enterprise Account Manager at SimilarWeb. Before joining SimilarWeb, Coakley was a Global Account Manager at Acquia. ↗

Frazer Williamson has started a new position at AlphaSense, developing the Global Mobility framework for the company. Before joining AlphaSense, Williamson was an International Business Consultant at Alumni. ↗

Samuel Genesky has joined Assette as its Senior Manager of Sales Engineering. Genesky will be responsible for working with asset management firms to demonstrate Assette’s capabilities in turning quantitative and qualitative data into impactful marketing and client reporting content like client presentations, pitchbooks, factsheets, DDQs and more. Genesky brings to Assette a background in software sales engineering within the FinTech space in addition to diversified client service experience. ↗

Marta Jiménez Varela is a new ESG Research Analyst at S&P Global. Before joining S&P, Varela was a Senior Data Research Analyst at Morningstar. ↗

Aliona Larsson is now a Sales Operations Manager at Position Green. UNtil recently, Larsson was the Revenue Operations Manager at inriver. ↗

Tristan Davis has stepped into a new role as Regional Director of Latin America at FactSet. Davis has been with FactSet since 2010 and has held different positions but primarily has worked in sales for the company. ↗

Avery Koop is a new Reporter for North America at Mergermarket. Koop has a background in economics and business reporting that spans multiple industries and countries. She began her career as an International correspondent in Asia and graduated in 2022 from Columbia University with a master’s degree in journalism. ↗

Kal Man has started a new position in Alternative Investments at Globacap. Before joining Globacap, Man worked for at SS&C - Intralinks in alternative investments for three years. ↗

VENDOR RESEARCH & WHITEPAPERS

Deep Pool has a new blog, "5 Key Tests for Picking the Right Fund Administration System". This blog asks what does the ‘right’ software entail? Deep Pool boils it down to five factors. ↗

Holland Mountain has a new blog, "10 Reasons Why Firms Struggle With User Adoption". In this blog, Holland Mountain has summarized 10 reasons why firms struggle with the adoption of systems, as well as giving some insights on how to solve them. ↗

Astrella has a new blog, "What Is an LLC and How is it Different from other Corporations?". This article explores the basics of LLCs, including their distinguishing features, advantages, and disadvantages. Astrella also provides resources to help you decide whether an LLC is right for your business. ↗

Digify has a new blog, "Virtual Data Room 101: What is it, and Why Should You Care?". In this article, readers will learn what virtual data rooms are, how they differ from cloud storage apps and when you should use a virtual data room. ↗

Quva has a new article, "Digitally Transforming the Angel Investment Sector". In this blog, Quva highlights the importance of how digitally transforming your angel investment network is essential to the future success of your business. ↗

KEY ESG has a new article, "Measuring and tracking ESG: where to start". This blog outlines how to take the first steps towards an effective ESG strategy for PE and VC firms using a software platform. ↗

Hypercore has a new blog, "CRM vs Loan Management System: What Non-Bank Lenders Really Need". In this blog, Hypercore explores the purposes, capabilities, and applications of CRM vs LMS, which can reveal what platform aligns with your operations for improved compliance, efficiency, and customer satisfaction. ↗

Intelligo has a new blog, "Red Flags 101: What To Do When Your Intelligo Report Surfaces Red Flags". In this blog, Intelligo breaks down what red flags mean and how you should proceed if a report comes back with a high number of red flags, yellow flags, or even informational flags. ↗

Anaplan has a new blog, "On the path to finance transformation: How three organizations succeeded". Last year Anaplan had the opportunity to speak with executives from three major financial services organizations about their finance transformation journeys. In this blog, Anaplan has organized their insights into four tips for a successful finance transformation. ↗

BuildRI has a new blog, "Top Ten Questions to Assess a Private Equity Firm’s Operational Improvement Capabilities". In this piece, BuildRI has put together 10 questions that are designed to gain a deeper understanding of a private equity firm’s operational improvement capabilities. ↗

Astrella has a new blog, "Top Ten Mistakes You Might Make When Managing Your Equity". In this blog, Astrella goes over the basics of cap table management and the 10 most common mistakes to avoid. ↗

AlphaSense has a new blog, "Technology Industry Trends and Outlook for 2024". In this blog, AlphaSense dives into seven key trends that it feels will shape the technology landscape in upcoming quarters and shares the key insights that will keep readers ahead of the market. ↗

DealsPlus has a new blog, "Private equity fund audits – a portfolio perspective ". In this blog, DealsPlus explains why it feels that the right technology and support can reduce the stress, confusion, and inefficiencies during private equity fund audits. ↗

Broadridge has a new article, "Why AI Enablers are your best asset for digitalization". In this article, Broadridge states that the next generation of technology leaders in the workforce have to be “AI Enablers” — people who bring together actionable knowledge about AI’s possibilities as well as a deep understanding of their own business. Broadridge believes that AI Enablers think of ways to apply AI that benefit the business, solve challenges, and how to create environments that embrace change on an institutional scale. ↗

AWARDS

The Winners from the With Intelligence HFM Global European Services Awards 2024 has been announced.

Winners from our Vendor Profiles database include:

Best administrator – overall ~ The Citco Group of Companies
Best data management solution ~ Oxane Partners
Best EMS solution ~ SS&C Eze
Best fund accounting and reporting software ~ SS&C Advent
Best service provider - ESG ~ Apex Group - Holtara

Congrats to all the Winners!

Ontra has won two Stevie Awards as part of the 22nd Annual American Business Awards. Ontra Atlas took home the gold in the Legal Solutions category as an entity management solution for the private equity industry. Additionally, Ontra Atlas and AI integrations were also recognized, earning them a Bronze Stevie Award in the Product Innovation category. ↗

SimilarWeb has been awarded the Best Analytics Data Platform at the SBR Technology Excellence Awards 2024. This is SimilarWeb's first tech award in APAC. ↗