PE-backed Strategic Insight buys BrightScope

Strategic Insight, which is backed by Genstar Capital, has acquired BrightScope. No financial terms were disclosed. BrightScope is a provider of financial information to asset managers, individual investors, corporate plan sponsors and financial advisers.


NEW YORK & LONDON–(BUSINESS WIRE)–Strategic Insight, the data and business intelligence provider for the global asset management community, today announced the next stage of its growth strategy with the acquisition of BrightScope. This acquisition follows on from the recent acquisition of Market Metrics and Matrix Solutions and further adds sales and distribution data for retirement to Strategic Insight’s expanding portfolio. Strategic Insight is focused on being the industry’s one-stop shop for data and insights, as well as providing accelerated product delivery for its clients.

Co-founded in San Diego in 2008 by Mike and Ryan Alfred, BrightScope is the leading provider of retirement plan, sales and distribution data, enabling retirement market-focused asset managers to identify, target and retain their clients. The company is well regarded for its innovative technology solutions and data management expertise.

Commenting on the acquisition, Strategic Insight CEO Joel Mandelbaum said, “This acquisition expands Strategic Insight’s data offering and research and development capacity. BrightScope is well known for its unique retirement data and its technology innovation. We are excited by the opportunity to add retirement data to our portfolio and accelerate our commitment to the asset management community.”
Mike Alfred, Co-Founder, BrightScope said, “We are thrilled to join the Strategic Insight team. The financial services industry is going through tremendous change and we believe this combination will give us the platform and products to meet the evolving needs of our customers.”

About Strategic Insight
Strategic Insight (SI) provides critical and proprietary data, business intelligence, research and marketing services to the global asset management community.

SI delivers full service solutions to the asset management sector worldwide, including investment flow data, advisor sales analysis, in-depth research, analytics, editorial content and events for investment managers, asset owners and custodians, plus Transaction Cost Measurement of over 500 million trades per month. Our clients include over 1000 of the most prominent names in the asset management industry, including 83 of the world‘s 100 largest fund managers.

Strategic Insight delivers its products and services through four distinct divisions: SI Data, SI Research, SI Intelligence and SI Interactive. Its portfolio of leading editorial titles includes the well-recognized brands PLANSPONSOR, PLANADVISER, Chief Investment Officer, Global Custodian, and The Trade.

The company‘s headquarters are in New York with offices in Boston, San Francisco, Stamford, CT; London; Munich; Melbourne; Toronto and Vancouver. Strategic Insight is backed by Genstar Capital.

About Genstar Capital
Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for more than 25 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $5 billion and targets investments focused on selected sectors within the financial services, software, industrial technology, and healthcare industries.

About BrightScope
BrightScope is a financial information company that brings transparency to opaque markets through high‐value proprietary data and analytics. Delivered through cloud‐based software, BrightScope data drives better decision‐making for asset managers, individual investors, corporate plan sponsors, and financial advisors. BrightScope’s flagship enterprise software platform ‐ Beacon ‐ provides a suite of proprietary datasets, data management capabilities and analytics to asset managers, recordkeepers, financial advisors, and other market participants.