Ipreo, which is backed by Blackstone and Goldman Sachs Merchant Banking Division, has acquired Shareholder InSite. No financial terms were disclosed. FT Partners advised Shareholder InSite on the transaction. Shareholder InSite is a provider of shareholder data management, analytics, reporting and valuation solutions and services for venture capital and private equity investors and private companies in their portfolios.
NEW YORK and NASHVILLE, Tenn., Nov. 4, 2014 /PRNewswire/ — Ipreo, a global leader of data, market intelligence and productivity solutions to capital markets and corporate professionals, today announced its acquisition of Shareholder InSite, the premier provider of shareholder data management, analytics, reporting and valuation solutions for Alternative Asset managers and private companies in their portfolios.
Founded in 2012, Shareholder InSite’s marquee products, Qval and CapControls, are the industry standards for the administrative, deal modeling, and valuation needs for hundreds of the country’s largest GPs and their portfolio companies. Its suite of self-valuation solutions and full-service Topic 820 (FAS 157) and 409a valuation offerings delivers financial insights, simplifies and accelerates the processes of internal and external reports and audits, and improves the accuracy and defensibility of valuations.
Acquired in August 2014 by the private equity funds of Blackstone and Goldman Sachs Merchant Banking Division, Ipreo is poised to sustain strong growth in its existing business lines, as well as leverage its financial services technology expertise into adjacent verticals, like the Alternative Assets space. Shareholder InSite will serve as the foundation for Ipreo’s new Alternative Assets business vertical, combining Shareholder InSite’s industry expertise with Ipreo’s strengths in data management and capital-raising workflow. The depth and scope of Ipreo’s resources, as well as its financial strength, will bring long-term benefits to Shareholder InSite clients.
“Expanding our footprint to include pre-public companies and their financial sponsors is a logical extension of our offering. We have long seen a need in this area for the kind of automation and efficiencies that Shareholder InSite solutions provide,” said Kevin Marcus, President and COO of Ipreo. “Shareholder InSite is a definitive leader in valuation technology and deal analytics to Alternative Asset managers. Its strong management team, deep industry expertise, and excellent reputation with clients make it an ideal foundation from which to launch Ipreo’s Alternative Assets services suite.”
“We are excited to join an organization with Ipreo’s global scale, strong financial backing, and deep expertise in delivering high quality capital-raising solutions,” stated Joe Maxwell, CEO of Shareholder InSite. He added, “We are looking forward to leveraging our combined resources and knowledge to accelerate our growth and enhance the insights and efficiencies we bring to our clients.”
“The marketplace is in constant motion, and our clients continue to endure mounting reporting and transparency pressures,” added Brett Suchor, President of Shareholder InSite. “As part of Ipreo, our teams can focus on both providing the level of service and technology that our clients need as well as listening intently to their changing needs.”
Shareholder InSite’s management team will lead the new Alternative Assets vertical from their headquarters in Nashville, TN.
Shareholder InSite was advised by FT Partners.
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. From new issuance through ongoing investor management, Ipreo’s unique solutions drive connectivity and efficiency throughout all stages of the capital-raising process. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 800 employees supporting clients in every major financial center around the world. For more information, please go to www.ipreo.com.
About Shareholder InSite
Shareholder InSite is the premier provider of shareholder data management, analytics, reporting and valuation solutions and services for venture capital (VC)/private equity investors (PE) and private companies in their portfolios. Addressing growing pressures for transparency and regulatory compliance, Shareholder InSite helps private company CFOs and Controllers, as well as their venture investors – to better track, manage, analyze and report shareholder and financial data throughout the capital lifecycle. Our suite of self-valuation solutions and full-service FAS 157 (ASC 820) and 409a valuation offerings deliver unprecedented control and financial insights; simplify and accelerate the processes of internal and external reports and audits, while simultaneously cutting costs and improving the accuracy and defensibility of valuations. Shareholder InSite’s technology solutions and independent valuation services are developed, sold and serviced through our team of experienced professionals based in Nashville, Boulder, San Francisco and Boston. Visit www.shareholderinsite.com.