M&A in investment management tech space: Linedata acquires Derivation
Linedata takes over fellow fintech supplier Derivation
France-based Linedata has taken over fellow investment management software provider, Derivation.
Derivation specialises in risk, analytics, and portfolio management solutions to institutional and hedge fund managers. It is based in the UK, employs 20 people and its pro-forma revenue for 2015 is £2 million (€2.5 million).
The acquisition has now been completed. Derivation’s products will be integrated into Linedata’s Global Hedge and Longview Asset Management solutions.
This acquisition is part of Linedata’s “2018 global leadership strategy”, according to Anvaraly Jiva, founder and CEO of Linedata. “Having a comprehensive range of asset management solutions is key to leading the sector and driving our growth,” he states.
Richard Bray, CEO of Derivation, adds that Linedata has a good MA& track record, as it “has always been able to successfully integrate other companies while fully respecting employees and clients alike”.
Later this year, Linedata plans to release major updates to its asset management platform, which, the vendor boldly claims, will “allow its clients to stand out from the crowd”. Platform enhancements include the coverage of MiFID 2, and new features for compliance monitoring and fixed-income and derivative portfolio management.
Linedata was set up in 1998. Today, it has 16 offices across the globe and employs nearly 1,000 people. Its revenue in 2015 was €172.3 million. It is listed on Euronext.
