Ipreo, a global leader of data, market intelligence and productivity solutions to financial services and corporate professionals, acquired ClearMomentum, a provider of portfolio monitoring applications to alternative asset investors and their limited partners.
The amount of the transaction was not disclosed.
ClearMomentum collects full financial statements from private companies and automatically maps, validates and structures the data to a common chart of accounts, enabling private equity and venture capital clients to monitor and report on their portfolios accurately and efficiently.
The acquisition of ClearMomentum represents the first expansion of Ipreo’s Alternative Assets vertical, which was created in November 2014 through the acquisition of Shareholder InSite, whose marquee products, Qval and CapControls, are the industry standards for the administrative, deal modeling, and valuation needs for hundreds of the country’s largest GPs and their portfolio companies.
Ipreo is held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 800 employees supporting clients in every major financial center around the world.
Clients include sell-side banks, publicly traded companies, venture capital and private equity firms, and buy-side institutions.