This Week’s Vendor News

NEW & UPDATED PRODUCTS

Apliqo has introduced the Apliqo Workforce Attrition Model, which is a P&A solution that can help clients navigate employee turnover. This new tool is designed to predict and forecast employee turnover rates and the associated workforce costs that come along with it. By leveraging advanced machine learning algorithms, the model analyses several factors including employee demographics, job satisfaction metrics, performance indicators, and more. By combining all this data into one analysis, companies can obtain insights into the attrition patterns at their organization. With those insights in hand, you are then able to identify any potential areas of concern and enact proactive strategies to improve retention and mitigate against the risk of losing top talent. Additionally, having a more sophisticated forecast of the actual costs also means that you can make better decisions regarding resource allocation, budgeting, and strategic planning. This empowers your HR team and other stakeholders to optimize their talent management and drive toward long-term business success. ↗

Edda has unveiled its latest AI tool on its portal, HERA.I. ↗

Attio has launched its brand new importer so users can now import data into any object or list, and also import relationships between objects and references. Attio has also upgraded its automatic value mapping to speed up the whole process. Users can also share the link to their import with teammates to collaborate in real-time. Additionally, users can track their progress to see how long is left on their import and also see which records are completed, queued or failed. ↗

Altvia has launched AIMPro for deal teams, a tailor-made solution, powered by Salesforce, that provides investment professionals with a new way to find, manage, and close more deals. With AIMPro, dealmakers are able to streamline deal origination, pipeline management, and deal closure all in one consolidated place instead of clicking their way through a CRM platform. This allows dealmakers to seize opportunities quickly, scale operations effortlessly, and make smarter investment decisions instead of spending time entering data into a CRM. ↗

G2 has announced that Monty for Sales is available now for users via open BETA access. Monty for Sales is a personalized AI SDR chatbox. Monty for Sales benefits include: the ability to engage, educate, and prequalify prospects (leads from Monty are sales-ready), lowering cost of sale (deploy Monty to streamline prospecting and qualifying activities, freeing up hundreds of hours monthly for your team and shortening your sales cycle) and learning more about buyers (with conversation analytics and full chat transcripts).

Dialllog has released an additional feature on its platform, Company Logos, which are automatically enriched for all companies from Dialllog's partnership with Dealroom. So now, any time a new company is added, the platform will show a logo beside the name. ↗

S&P Global Market Intelligence and Validatis have joined forces in a collaborative podcast series that addresses the trends and challenges within the financial services industry given ever-increasing regulatory requirements. The podcasts provide insight into the importance of effective client lifecycle management programs to streamline KYC and onboarding efficiency, and how to scale opportunities with Managed Services to remain regulatory compliant. ↗Sweep has unveiled its latest update with new features including: 1) ESRS guidance integrated into the platform. 2) Automatic detection of data needed for CSRD disclosures. 3) Shortcuts to save you time and effort collecting CSRD data. 4) enhanced market-based tooling for data accuracy. ↗

Sweep has unveiled its latest update with new features including: 1) ESRS guidance integrated into the platform. 2) Automatic detection of data needed for CSRD disclosures. 3) Shortcuts to save you time and effort collecting CSRD data. 4) enhanced market-based tooling for data accuracy. ↗

Flow has introduced a new feature on its platform, Data Room Download Permissions. This new feature provides fund managers with the ability to control whether viewers can download documents from a data room. The ability to toggle download permissions in data rooms adds a layer of security that prevents unauthorized duplication and dissemination of critical information. Data Room Download Permissions is 1) simple to manage 2) global application 3) easy to update. ↗

Goodwin, a global law firm and Passthrough have launched Goodwin Embark powered by Passthrough. Through Goodwin Embark, Passthrough’s e-subscription process is now directly incorporated into Goodwin’s legal service offering, providing Goodwin fund clients with a faster onboarding experience. Passthrough and Goodwin have been collaborating together since April 2023. ↗

Tactyc has introduced custom formulas on its platform. Now users can create and save custom formulas to calculate new metrics from existing data on portfolio companies. This new feature enables users to combine portfolio data from KPIs (such as Revenues, Cash Balance) along with Tactyc's own reporting data (Invested to Date, Valuations etc.) to create custom calculations. ↗

Dealroom has launched austin.dealroom.co, with Opportunity Austin. This a new data and info hub for Austin tech. It's a place to discover Austin's most promising startups, find your next investor, join a high-growth Austin startup, and see how is Austin faring in 2024. ↗

Daloopa has launched a new feature on its platform. Live update notifications are now available in the Daloopa Plus Add-in. Now users will immediately know when new data is available without having to stop workflow. When new data is ready, cells highlight in yellow directly in your model, allowing you to focus on analysis, read-throughs and prioritizing calls during earnings while ensuring you have the latest data on your coverage. ↗

Tracxn has launched new features on its platform. Now users can get a complete picture of a company's financial health with all the information you need in one place and its API Sandbox is now open to everyone. ↗

DEAL ACTIVITY

Broadridge Financial Solutions is acquiring Kyndryl’s Securities Industry Services wealth and capital markets technology platform. SIS solutions include clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management activities for Canadian financial services firms. Kyndryl intends to partner with Broadridge Canada by providing managed services and capabilities to SIS. The transaction is not expected to have a material impact on Broadridge’s financial results and is expected to close soon subject to customary closing conditions, including regulatory approvals. ↗

S&P Global has announced that S&P Global Commodity Insights division has completed its acquisition of World Hydrogen Leaders. World Hydrogen Leaders brings together industry experts and thought leaders from across the globe at their conferences & events, which driving innovation, collaboration, and the adoption of hydrogen as a clean energy source. ↗

PARTNERSHIPS & INTEGRATIONS

Moonfare has chosen portagon as distributor of its first ELTIF to private investors. Moonfare will use portagon’s digital marketplace to provide eligible wealth managers, family offices, and Independent Financial Advisors and their private investors access to Moonfare’s first ELTIF. Under this partnership, portagon aims to make private markets investments as accessible and reliable as their public counterparts to drive transformative growth and opportunities for all stakeholders involved. Interested distributors can enter a waiting list to know when Moonfare’s ELTIF is to be launched on Moonfare's digital marketplace. ↗

SimCorp has expanded its longstanding partnership with Alm. Brand Group, a Danish insurance group. Alm. Brand Group has decided to extend its partnership with SimCorp by leveraging SimCorp's hybrid operating model that fuses technology with Data, Operations, and Accounting Business Process Services. SimCorp's Risk Management and Compliance solutions will assist Alm. Brand Group with stress testing, scenario analysis and Solvency II, essential components for effective risk management in the insurance sector. The partnership also provides Alm. Brand Group access to SimCorp’s combined Data, Operations, and Investment Accounting Services. ↗

Gratus Capital has partnered with iCapital to launch investing opportunities to its wealth management clients. This collaboration will provide clients of Gratus with access to hedge fund investment strategies to diversify portfolios and better serve high-net-worth clients. ↗

Dstillery, an AI ad targeting company, has announced its new collaboration with Similarweb. Similarweb’s trusted view of website usage across the internet is now used to help train the AI technology behind Dstillery’s behavioral targeting solution. Dstillery offers advertisers an entirely privacy-by-design targeting solution from input to output. By adding Similarweb’s dataset to its data stack, Dstillery has enhanced overall predictive capabilities while providing an in-depth view of aggregated journeys throughout the internet. ↗

ERM has announced a strategic partnership with Workiva, a cloud platform for assured integrated reporting. Together, ERM and Workiva will advise businesses and provide cloud-based technology solutions to collect and manage ESG data and disclosures in real time to shape their sustainability reporting. This integration will offer companies an end-to-end solution for data management and reporting that enables them to meet evolving sustainability reporting regulations while driving sustainability performance. ↗

Deel has partnered with Carta to automate global equity compliance. This new API integration allows companies using Carta and Deel to seamlessly sync equity events, calculate taxes, and handle payments across multiple jurisdictions. This integration also improves the employee experience by allowing option exercises in local currencies. ↗

ERM, Salesforce, NatureMetrics and Planet have launched NatureTech Alliance to address biodiversity loss. This alliance will focus on biodiversity measurement, management and disclosure and supporting businesses to get ahead of their nature impact reporting commitments. This collaboration aims to transform how businesses approach their impact and dependencies on nature. ↗

Ascend Vietnam Ventures has partnered with Carta for APAC fund admin solution. In addition to AVV selecting Carta as its fund admin provider, it has also chosen to partner with the Carta team to build the Southeast Asian ecosystem together. AVV feelsthat having a tech-focused partner is important for operational efficiency and institutional stability. ↗

Beauhurst and ScaleUp Group are collaborating to help high-growth B2B SaaS businesses raise funding and achieve their growth goals. This partnership is designed to help identify early-stage tech businesses who would benefit from additional capital. ScaleUp Group is a specialist adviser to businesses looking for £3m-£10m of capital for expansion, ensuring they obtain it on the best possible terms and from the right investment partner. ↗

Persefoni has been named as one of the CDP Accredited Solutions Providers adopting CDP’s inbound Disclosure API in 2024. Persefoni is also currently working with CDP to integrate their API solution into Persefoni's platform to offer its customers and partners a more streamlined disclosure experience. By offering improved integration capabilities, Persefoni aims to simplify the reporting process for organizations of all sizes, enabling them to contribute meaningfully to shared sustainability goals. ↗

M&A Source has partnered with ShareVault to enhance deal efficiency for lower middle market. This collaboration will provide M&A Source members access to ShareVault's user-friendly platform, enhancing their ability to manage high-volume transactions efficiently and securely. M&A Source is a non-profit association serving lower middle market professionals. This partnership is designed to streamline the due diligence process. By integrating ShareVault's platform, M&A Source members will benefit from enhanced document security and operational efficiency, driving faster and more successful deal closures. ↗

Northern Trust has been appointed by the Firefighters’ Retirement System of Louisiana to provide asset servicing and data analytics capabilities for the $2.4 billion fund. FRS selected Northern Trust for its technology and tailored services. ↗

Dasseti ENGAGE has been selected by Bennelong Funds Management, an Australian asset manager, to form a client vendor relationship. By integrating Dasseti ENGAGE, the team at Bennelong will improve the distribution of investor information and speed up responses to client and consultant requests, RFPs or DDQs. ↗

Ambient Enterprises has adopted Position Green’s sustainability reporting software to enhance their environmental impact analysis and reporting capabilities. Position Green has helped Ambient by seamlessly integrating sustainability into every aspect of their operations, from reducing greenhouse gas emissions to implementing energy-efficient measures across their portfolio. ↗

Everest Wealth has chosen PE Front Office to streamline its alternative investment process. Everest Wealth is a South Africa based private investment and wealth management firm. ↗

ALMAC has chosen Hyperscience’s Hyperautomation platform to automate their order processing and streamline their operations. By leveraging Hyperscience’s automation capabilities, ALMAC was able to extract specific order information from paper-based forms and seamlessly transfer it into their electronic order processing system. By leveraging Hyperscience’s technology, ALMAC eliminated manual data entry, reduced errors, and improved efficiency in their order processing. ↗

OFFICE & PERSONNEL

EcoVadis has announced the promotion of Nicole Sherwin to Chief Impact Officer. Over the last 13 years, Sherwin's contributions at EcoVadis include: Sustainability Analyst, Customer Success Manager, SVP Customer Success and most recently as SVP of Executive Customer Advisory & Strategy. ↗

John Gabbert, Founder & CEO at PitchBook, has stepped down after 17 years with the company. Gabbert, along with a team in Ukraine, founded PitchBook in March 2007. ↗

Antoine Drean, Palico's Founder and Chairman, will be taking a more active role at Palico. Following the recent sale of Triago to Houlihan Lokey, Drean is shifting his focus to Palico. Drean is the Founder and was Chairman at Triago and is currently still Chairman Emeritus, Private Funds Group at Houlihan Lokey. ↗

Tim Luyet has joined SimCorp as its Go To Market Strategy Principal. Before joining SimCorp, Luyet spent over 16 years at Dimensional Fund Advisors, most recently as its Vice President and Head of Investment Solutions Operations. ↗

73 Strings has welcomed Lei Tao as Managing Director in the Subject Matter Expert Group. Tao, most recently at ICG, brings nearly two decades of financial expertise, including a decade focused on private equity & private debt, with a background in portfolio management, monitoring, and valuation. ↗

Apex Group has appointed a new Global Head of Operational Transformation, Ken Fullerton. Fullerton will lead the Operational Delivery and Improvement team focusing on client-driven technology and business process initiatives and improvements. He will also oversee the Global Service Centres. Before joining Apex Group, Fullerton spent close to 20 years at SS&C GlobeOp. He most recently served as the Chief Operating Officer of the Fund Administration business and was responsible for all functional areas, from investor services, operations, and fund accounting to client relationship management and technology across the global organization. ↗

AlphaSense has welcomed its first London-based BDRs, John McIntyre and Temi Famurewa. McIntyre was most recently at ServiceNow and Famurewa was at AWS and Oracle. ↗

Serafina Smith is a new Reporter at MergerMarket. Smith began her journalism career at MLex, where she covered antitrust merger reviews across industries including airlines, publishing, tech and more. Before becoming a reporter, she was a paralegal at the United States Department of Justice supporting federal prosecutors on foreign bribery and money laundering cases. ↗

After 15 years working as the Director/President at ERM Brazil, Paulo Santos has now taken on the position of Regional Chief Operating Officer for Latin America at ERM. Felipe Deppe, who was responsible for LPMR (environmental liability management), is replacing Santos in Brazil. ↗

Patrice Cori has joined Domos FS as a Consultant / Manager of the Fund Administration Team – Professional Services. Cori brings with him 30 years of experience in the financial sector including roles at SimCorp, S&P Capital IQ and NeoXam. ↗

Jae Leeholland has joined Daloopa as its founding Head of Product. Prior to joining Daloopa, Leeholland served as a Head of Product at Homebase where he built and scaled products for millions of hourly workers to manage their work and finances with intelligent automations and ML-driven recommendations. ↗

Anaplan has appointed Hyune Hand to the position of Chief Customer Officer. A veteran of the technology and corporate data information sectors, Hand brings sales and customer success experience to the position, and a proven track record leading P&L driving levers to deliver profitable growth. She joins Anaplan from Park Place Technologies where, as president of sales and marketing, and chief of staff, she oversaw the deployment of key strategic growth initiatives for the global business. ↗

LemonEdge has welcomed 8 new teammates to the company so far this year. Tarryn DeNolf, Kodi Burdick, and Paresha Patel have joined the US team, while Gareth Parsons, Paula Leworthy, Malcolm Perfect, Surabhi Shakya, and Eren Koç have been added to its UK team. ↗

Alkymi has welcomed Carsten Otte to the company as a new Senior Data Solutions Architect. Before joining Alkymi, Otte was a Principal Professional Services Architect at Tradeshift. ↗

June Johnson has joined the Dasseti marketing team as Product Marketing Manager. Prior to joining Dasseti, Johnson spent over four years at DOOR Ventures, first as Client Relationship Manager and then Marketing Manager. ↗

Paula Guridi Irujo has been promoted to Manager EMEA at Inex One. Irujo has been with Inex One for the last year and was previously a Associate Account Manager at Dialectica. ↗

IDR has welcomed a handful of new people to its team. Bradley Wesi, Siyabonga Mhlanga, Dave Green, Luke Butchart, Matthew Willcox, Matthew Oliver, Roy Jacobs, Haroon Mlima have all joined IDR in recent weeks. ↗

VENDOR RESEARCH & WHITEPAPERS

Rundit has a new blog, "Exploring LP Investment Trends in Q1 2024". With the Q1 2024 numbers out, in this blog, Rundit dives deep into LP investment behaviour so far this year. ↗

Deep Pool has a new blog, "AML Rules are Coming For Investment Adviser". In this blog, Deel Pool explains the proposed AML requirements, possible future rule extensions and how to achieve AML compliance. ↗

Acuity Knowledge Partners has a new blog, "Weighing the pros and cons of banks’ adoption of cloud-based technology". In this blog, Acuity discusses the benefits and challenges of of cloud technology. ↗

ValueWorks has a new blog, "Mastering Profit and Loss Statements: A Beginner’s Guide". In this piece, ValueWorks writes about key components of a Profit and Loss Statement, how to read a Profit and Loss Statement and common mistakes when interpreting Profit and Loss Statements. ↗

Zapflow has a new blog, "Investment Titans - but with different playbooks? VC vs. Family Office". In this blog Zapflow discusses venture capital firms, that are speedy, agile, and always on the lookout for the quickest route to profits and family offices, that are more like endurance hikers, equipped for long journeys, focusing on the horizon with generational wealth in mind - this blog tries to understand how these differences shape their individual operational tactics and tech requirements. ↗

ShareVault has a new blog, "Investment Banking vs Private Equity". In this blog ShareVault writes about the key differences between investment banking and private equity. ↗

Kroll has a new article, "Fraud and Corruption Risk — Catching Up with Advancements in Technology and Intelligence". In this article, Kroll describes how organizations are repeatedly suffering losses or facing regulatory action that could have been prevented had they been using appropriate data and technology in their risk management program. ↗

Canoe has a new blog, "Canoe Thought Starter: Change Management’s Role in a New Tech Implementation". In this blog, Canoe discusses change management; what is it, and how can it set you up for success in adopting new technology? ↗

AWARDS

Bite has won twice at the Finance Derivative awards. Bite has won for Best Investment Technology Solution Provider UK 2024 and Most Innovative Alternative Investment Fintech Company UK 2024. ↗

AlphaSense has been named to the 2024 CNBC Disruptor 50 List. Now in its 12th year, the CNBC Disruptor 50 list recognizes 50 fast-growing, innovative private companies disrupting their industries and solving critical business problems. ↗

The winners from this year's Inside Market Data & Inside Reference Data Awards have been announced.

Winners from our Vendor Profiles database include:

Best AI/machine learning data initiative—AlphaSense
Best alternative data initiative—Bloomberg
Best corporate actions data initiative—S&P Global Market Intelligence
Best enterprise data management initiative—Bloomberg
Best enterprise data management provider/vendor—S&P Global Market Intelligence

Congrats to all the winners!! ↗