SEI (NASDAQ: SEIC) has acquired Novus, a global portfolio intelligence platform company. The transaction is designed to expand SEI’s capabilities for both the investor and investment management markets.
Novus’ platform streamlines data management, performance measurement, reporting, attribution and look-though analysis. The combined firm will be able to provide large institutional investors and asset owners with a complete front-to-back-office service across all asset classes.
SEI intends to enhance its current offering through the integration of Novus’ portfolio intelligence tool, now branded SEI Novus, with SEI’s investment intelligence and processing abilities.
“We identified a significant need among larger institutional investors for an end-to-end solution that provides enriched data and analytics,” added Paul Klauder, head of SEI’s institutional group. “We believe the combination of SEI Novus’ front-end analytics capabilities with our extensive middle- and back-office investment processing capabilities and knowledge of institutional markets ultimately delivers that solution,”