Portfolio BI Completes Hentsū Acquisition
Buy-side technology provider Portfolio BI has completed its acquisition of Hentsū, a global provider of fully managed AWS and Azure cloud platforms for fund managers. The deal will enable Portfolio BI clients to explore several alternatives in managed cloud, security, and digital workplace solutions.
"For much of the industry, the cloud vs. on-premises discussion is over; the cloud's advantages as a platform for investment management are clear," said Jeremy Siegel, CEO of Portfolio BI. "The remote working environment and increased reliance on digital communication during the COVID-19 pandemic is opening up the prospect for new asset management operating models in the context of a broader digitalization of the industry. This acquisition empowers us to leverage Hentsū's expertise and technology to meet our clients' and the industries' ever-evolving needs."
"We are delighted to join Portfolio BI and to be part of the expanded offering for portfolio managers, investment analysts, risk professionals, and operations teams," said Hentsū's CEO, Marko Djukic. "As the industry's first managed service provider specializing in public cloud environments, our technology allows managers to scale up or down, pivot strategies, and adapt to changing market opportunities. This offering fits well within the vision, technology and service already offered by Portfolio BI."
Both Portfolio BI and Hentsū are portfolio companies of Credit Suisse Asset Management's NEXT Investors, a Fintech growth equity group. NEXT Investors identifies growth equity investment opportunities in private technology and services companies globally; the portfolio comprises high-growth private businesses that interact with the financial services industry across sectors including Market Structure, Financial Technology, Enterprise Software, Data Analytics and Specialty Finance.
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