Communify, a Los Angeles, CA-based Just Build It (JBI) company led by the former founders of InvestCloud, in partnership with Stellex Capital Management, will be combined with Fincentric (formerly known as Markit On Demand), a provider of digital experiences, curating financial data distribution and other solutions, which was carved out from S&P Global.
The amount of the deal was not disclosed.
The acquisition will integrate Fincentric with Communify’s existing client communication, automation, and management business for the global wealth and asset management industries to form Communify Fincentric.
Communify Fincentric, unifying the communication of market (Fincentric) and client data (Communify), delivers digital experiences for the financial industry. Its SaaS-based product suite unifies the communication of market and client data through a library of financial apps, with solutions including Communify Fincentric markets apps, client apps and advisor apps. Its Knowledge Base of 4000+ data feeds and 500M+ page views per day also empowers advanced AI capabilities for the next generation of communication, automation and management of financial data.
Stellex Capital is a private equity firm with over $2.8 billion in AUM, which seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused approach to investing. It has offices in New York, Pittsburgh, Detroit, and London.
FinSMEs
19/08/2024