Resurgens Technology Partners, an Atlanta-based private equity investor, is to acquire InvestorForce from MSCI Inc. (NYSE: MSCI), and will merge it with its portfolio company, Investment Metrics.
Investment Metrics and InvestorForce are two providers of investment analytics and reporting solutions for the global institutional investment industry.
The transaction is expected to close within the next three months, subject to customary closing conditions.
The terms of the deal were not disclosed. The merger enables the combined entity to provide investment tools for performance analysis, investment reporting, investment policy statements, peer benchmarking and competitive insights, leveraging the data assets of the combined company.
The newly combined company – which will operate under the Investment Metrics name – will have clients with approximately $10 trillion in assets under advisement (AUA) running on the platform. This will provide insights into global industry-wide asset allocation trends, performance benchmarks, asset flows, plan sponsor and style universe performance.
The clients include industry leaders such as Aon Hewitt, Mercer, Morgan Stanley, Pension Consulting Alliance, RVK and Segal Marco Advisors, among many others.