Nasdaq Acquires – Nasdaq, Inc. (Nasdaq: NDAQ) introduced right this moment the acquisition of Solovis, a privately-held monetary know-how firm providing multi-asset class portfolio administration, analytics and reporting instruments throughout private and non-private markets. Solovis options can be obtainable by means of Nasdaq’s eVestment group and broaden eVestment’s capabilities with portfolio evaluation and monitoring for institutional traders and consultants.
“Nasdaq’s mission is to supply transparency and knowledge to the monetary world, all by means of trendy know-how,” mentioned Lauren Dillard, Govt Vice President and head of Nasdaq’s International data Providers Group. “The mix of eVestment and Solovis bolsters our capabilities to serve the funding neighborhood. Collectively, they create a world chief of proprietary content material, insights and portfolio analytics.”
Solovis offers refined traders a unified line of sight into their portfolios, efficiency and danger throughout asset lessons. For the 600+ institutional traders that depend on eVestment right this moment for supervisor screening, Solovis supplies complementary energy for ongoing portfolio administration.
“Mixed, we carry great decision-making energy to our investor purchasers, pre- and post-investment, throughout private and non-private markets,” mentioned eVestment co-head Jerrod Stoller. Nasdaq Acquires
“We based Solovis on the dedication to assist asset allocators make higher funding selections by means of sturdy knowledge and analytics,” mentioned Solovis co-founder and CEO Josh Smith. “Our mission aligns seamlessly with eVestment’s and makes us well-positioned to seize the alternatives inherent within the evolving world markets panorama. We’re excited to affix the Nasdaq household by means of this acquisition.”
Solovis co-founders Smith and Caleb Doise and the remainder of the corporate will stay in place and proceed to function out of places of work in Dallas; Charlottesville, Virginia; and, San Francisco.
Phrases of the deal weren’t disclosed, however this funding is in keeping with each Nasdaq’s technique to maximise alternatives as a know-how and analytics supplier to capital markets, in addition to its capital deployment and return on funding capital goals. Nasdaq Acquires
Nasdaq (Nasdaq: NDAQ) is a world know-how firm serving the capital markets and different industries. Our numerous providing of knowledge, analytics, software program and providers permits purchasers to optimize and execute their enterprise imaginative and prescient with confidence. To be taught extra in regards to the firm, know-how options and profession alternatives, go to us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
eVestment, a Nasdaq firm, supplies institutional funding knowledge, analytics and market intelligence protecting private and non-private markets. Asset managers and normal companions attain the institutional market by means of our platform, whereas institutional traders and consultants depend on eVestment for supervisor due diligence, choice and monitoring, in addition to intensive portfolio and danger evaluation. eVestment brings transparency and effectivity to the worldwide institutional market, equipping managers, traders and consultants to make data-driven selections, deploy their sources extra productively and in the end understand higher outcomes.
Solovis is main fintech innovation for institutional traders with a robust cloud-based platform for multi-asset class portfolio administration, reporting and analytics – uniquely designed for the restricted companion neighborhood. Endowments, foundations, pensions, OCIOs and household places of work leverage Solovis to remodel how they acquire and mixture funding knowledge, analyze portfolio efficiency, mannequin and predict future outcomes and share significant portfolio insights with key stakeholders. The Solovis institutional funding administration know-how platform permits detailed evaluation and dynamic knowledge modeling throughout a number of portfolios and swimming pools of capital for actionable, clear insights that empower each operations and funding groups.