S&P completes ClariFi acquisition
Standard & Poor's, the foremost provider of financial market intelligence, today announced that it has completed the acquisition of ClariFI, a leading provider of software and services focused on quantitative portfolio management and research.
The acquisition adds portfolio analytics to Standard & Poor's Capital IQ, a leader in web- based professional financial information solutions, and furthers the strategy of providing Capital IQ clients with the highest quality data, analytics and tools that can streamline their workflows and improve decision making. Terms were not disclosed.
ClariFI helps quantitative portfolio managers and researchers decrease the time it takes to research, test, and act on their alpha generating investment strategies. Its open platform, ModelStation, allows clients to integrate their existing datasets and analytical tools while consolidating the workflow within a single software application. ClariFI has a broad client base that includes four of the world's top five investment management firms, hedge funds of all sizes, and proprietary trading desks.
ClariFI's team, including Gioel Molinari, co-founder, will remain in place as part of the acquisition and ClariFI's mission will be unchanged. ModelStation will remain an open platform allowing clients to optimize their workflow with any combination of proprietary or third party data sources, risk models, and optimization technologies they choose.
