FE fundinfo, a global fund data and technology leader, has acquired FundConnect, the fund data and technology company based in
The deal brings together FE fundinfo's fund data and technology expertise in the
Founded in
FundConnect, together with the
With over 20 years' experience serving as a data collection and technical backbone for banks, insurers, asset managers, platforms and industry bodies, FundConnect also supports a number of industry initiatives such as the European Fund Classification (EFC) by the
FE fundinfo already has many shared clients which are supported domestically by FundConnect, and with FundConnect's international operations in turn supported by FE fundinfo in Luxembourg, by aligning their leading fund data, network and technology solutions, the companies aim to offer a broader set of complementary services to their clients and partners who are increasingly operating cross border.
FE fundinfo's mission is to connect the investment industry and make it as simple as possible for its clients to be better informed on investment decisions. Connecting fund managers and fund distributors globally to increase efficiencies is a key part of that and an ethos shared by the team at FundConnect.
The announcement follows a period of rapid growth for FE fundinfo with the acquisition of Lichtenstein based ESG specialists CSSP at the end of 2020 and significant hires into the FE fundinfo commercial teams in continental
Advising on the deal for FundConnect were EY (corporate finance), Horten (legal) and
"We're delighted to be joining the FE fundinfo family and play an active part the business' vision to create a Pan-European fund data and technology champion. This transaction enables us to offer a broader and deeper fund data universe to our clients and continue to drive the agenda for standardisation and efficiency in the collection and distribution of fund data.
"Our expertise in data automation and technology solutions complement the offerings provided by FE fundinfo and allow us to support our global client base in streamlining their businesses and remaining compliant in an increasingly complex regulatory landscape."
"The fund distribution landscape is becoming ever more global and the need for greater efficiencies for data exchange cross border is something FE fundinfo aims to facilitate through its leading fund data distribution services. We share a similar philosophy with FundConnect in aiming to improve standardisation across the global fund data landscape and help our clients access and distribute their fund data and documents in a streamlined manner.
"We have been impressed with the key role FundConnect has played in improving fund data standards. Their approach to building innovative technology solutions helps to bring that data to life for the benefit of fund managers, fund distributors and investors. We're delighted to welcome them to the FE fundinfo family."
For more information, please visit: www.fefundinfo.com
Ends
Media contact:
PR Manager
020 7534 7639
eoghan.hughes@fe-fundinfo.com
Notes to editors:
FE fundinfo is a global fund data and technology leader. We facilitate better, more efficient investing by connecting fund managers and fund distributors and enabling them to share and act on trusted, insightful information. We provide the data, tools, infrastructure and the expertise required to research, distribute, market and invest in funds and model portfolios.
We maximise efficiencies for fund managers and fund distributors through our unique fundinfo.cloud market place, one of the world's largest information marketplaces for local and international investment funds and support market participants at every stage of the investment lifecycle.
Through our investment arm,
With roots stretching back to 1996, FE fundinfo was created in 2018 following a merger between investment data, research and software provider FE, fundinfo, a provider of services for asset managers and distributors in
An award-winning fund data provider, FE fundinfo has rapidly expanded since this merger and has operations in
For more information, please visit: www.fe-fundinfo.com
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