PARIS, BOSTON, HONG KONG, LONDON, NEW YORK, April 8, 2016 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management, insurance and credit industries, today completed the acquisition of Derivation, a leading specialist provider of risk, analytics, and portfolio management solutions to institutional and hedge fund managers. This acquisition immediately enhances Linedata’s comprehensive, global platform across its clients’ entire investment process with support for all asset types and structures.
Derivation provides advanced risk and portfolio management, performance measurement, and powerful reporting tools. Linedata will integrate these capabilities into Linedata’s Global Hedge and Longview Asset Management solutions.
With this acquisition, Linedata affirms its strategy of being a leader in Asset Management. In addition to directly bringing Derivation’s solutions on board, this year Linedata will release major updates to its Asset Management platform that allow its clients to stand out from the crowd and meet regulatory requirements while remaining competitive in challenging markets. In particular, these advancements include coverage of MiFID 2, enhanced compliance monitoring as well as increasingly advanced fixed-income and derivative portfolio management. Linedata now provides industry-leading functionality and technology, across the globe, to all investment managers and finance professionals.
“Offering our clients global, high-quality, scalable solutions is a cornerstone of our Linedata 2018 global leadership strategy. Having a comprehensive range of Asset Management solutions is key to leading the sector and driving our growth”, said Anvaraly Jiva, Founder and CEO of Linedata. “The teams at Derivation share our values of customer service and entrepreneurship, and we are delighted to welcome them into Linedata.”
Richard Bray, CEO of Derivation, added: “Derivation offers unrivalled risk management solutions and it was essential to guarantee the sustainability and functional development of the product range. We are very happy to be joining Linedata, a company that has always been able to successfully integrate other companies while fully respecting employees and clients alike. The value of our solutions will instantly be recognised and promoted by all of the local Asset Management teams worldwide.
Derivation provides market-leading integrated accounting, trading and risk management solutions. Founded in 1996 and headquartered in England, Derivation achieved proforma revenues of approximately GBP 2 million in 2015 and employs nearly 20 people.