Ipreo, a leading global provider of execution software, data, and analytics to investment banks and corporations, announced today that it has acquired NSIGHT Enterprise Software, a premiere provider of information technology solutions to the institutional finance community. Both firms are headquartered in New York.
Ipreo is a leading provider of workflow software solutions and proprietary data and analytics to the investment banking and investor relations markets. The company's products include bookbuilding applications for all capital markets, event management systems, and an investor relationship management platform (Ipreo IRM), which is powered by Bigdough, the most comprehensive and accurate database of institutional contacts and profiles available. Ipreo's platforms and data are used on a daily basis by most major investment banks throughout the world.
NSIGHT is a fast-growing technology firm specializing in CRM software development and implementation for financial institutions. NSIGHT's flagship product is one of the most advanced and intuitive client management platforms in the industry, having been created specifically to meet the workflow needs of institutional sales, research, and trading professionals. Clients include a number of top tier global investment banks.
This acquisition will result in a best-of-breed IRM platform that will combine NSIGHT's state-of-the-art CRM technology with Ipreo's industry-leading Bigdough contacts data, profiles and targeting capabilities.
"The combined Ipreo/NSIGHT organization has unequalled domain expertise and a shared focus on providing outstanding customer service," said Scott Ganeles, CEO of Ipreo. "The addition of NSIGHT's technology and talent will allow us to bring our clients first-class, integrated solutions even faster."
"This deal will result in valuable benefits to both firms' clients," said Neil Hyman, CEO of NSIGHT, who together with NSIGHT CTO Jeff Lewis will head up the Research, Sales and Trading division of Ipreo. "Clients will now be able to take advantage of the best data in the industry, coupled with leading-edge CRM functionality, backed by the strength of our combined technical and service resources. We're excited to have the opportunity to bring such a powerful offering to the capital markets community."