ATLANTA, March 09, 2020 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) introduced in the present day the acquisition of Solovis, a privately-held monetary expertise firm providing multi-asset class portfolio administration, analytics and reporting instruments throughout private and non-private markets. Solovis options will probably 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 expertise,” mentioned Lauren Dillard, Government Vice President and head of Nasdaq’s World info 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 threat throughout asset courses. For the 600+ institutional traders that depend on eVestment in the present day for supervisor screening, Solovis supplies complementary energy for ongoing portfolio administration.
“Mixed, we carry large decision-making energy to our investor purchasers, pre- and post-investment, throughout private and non-private markets,” mentioned eVestment co-head Jerrod Stoller.
“We based Solovis on the dedication to assist asset allocators make higher funding selections by means of strong 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 international markets panorama. We’re excited to hitch 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 expertise and analytics supplier to capital markets, in addition to its capital deployment and return on funding capital goals.
Nasdaq (Nasdaq: NDAQ) is a world expertise firm serving the capital markets and different industries. Our various providing of information, analytics, software program and companies allows purchasers to optimize and execute their enterprise imaginative and prescient with confidence. To be taught extra concerning the firm, expertise 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 masking 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 threat 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 finally notice 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 associate neighborhood. Endowments, foundations, pensions, OCIOs and household places of work leverage Solovis to rework 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 expertise platform allows 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.