Asset International Buys Another Research and Data Firm
Latest deal puts AI on track to triple in size.
Private equity firm Genstar is making good on it promise to triple the size of Asset International, which it bought last June. That 3-5 year growth plan got one step further with Asset's acquisition of Intelligent Financial Systems, a London-based provider of financial research data.
Deal terms were not released, but Asset International, which publishes flagship brands Plansponsor and Planadvisor and targets the global asset management industry, was particularly interested in IFS's main product, LiquidMetrix.
The data product tracks trade execution quality, provides transaction cost analysis and cost prediction across the global securities markets.
"[Governance, regulation and compliance] is a critical area for our customers in an increasingly regulated industry," says Asset International chairman and CEO Jim Casella in a statement. "The LiquidMetrix acquisition will enable us to better help them navigate these complicated regulatory challenges and initiatives."
While LiquidMetrix will continue to function as an independent unit of AI, it will be aligned with two other research products—Strategic Insight and The Trade.
The deal also conforms to Asset International's recent pattern of research and data-oriented acquisitions and plays to the company's subscription-focused revenue model.
IFS's management team will remain in place, operating out of the London office.