Inflation rates unseen in decades, spiraling energy costs, soaring interest rates and falling economic growth: uncertainty is everywhere this year and, especially for the unprepared, 2023 looks like being another challenge.

Domestic budgets are tight, as are those of financial firms large or small as some investors pull in their horns and try to figure how the current turmoil will play out. In this environment, everyone wants clarity and demands value for money. Read the full post here.

Alveo is a market leader in financial data management with next generation DaaS and ESG Solutions

London, UK – 18^th January 2023 – Alveo, a leading cloud-based data management, analytics, and Data-as-a-Service provider for the financial services industry, has entered into a definitive agreement to receive a majority investment from Symphony Technology Group (STG). Alveo supports mission critical access to mastered market and reference datasets for business applications and end users including trading, portfolio management, risk, and compliance workflows.

“We are excited to partner with Mark Hepsworth and the entire Alveo team to continue enabling the management of complex data at scale for its customers. The increasing quantum of data feeds and evolution of regulatory requirements drives a need for modern, cloud-hosted solutions. Through its recent investments in technology and products, Alveo is well positioned to capitalise on these trends and we will continue to support further product innovation, as financial institutions navigate growing data processing requirements and a complex regulatory environment. We welcome Alveo to the STG family.” said Marc Bala, Managing Director at STG.

“Alveo’s employees, customers and partners, have helped build a leading solution for the financial services sector. We are excited to partner with STG to continue enhancing our  customer value proposition and expanding the range of products and services we can offer. STG’s experience in investing in software, data and analytics companies and their capital markets domain experience makes them a great partner to accelerate our progress and the development of Alveo in a highly dynamic and regulated market.” said Mark Hepsworth, CEO of Alveo.

Alveo serves a global footprint of blue-chip financial institutions, including investment banks, asset managers, and market infrastructure institutions with customers across 18 countries and operations in London, the Netherlands, Singapore and New York.

Closing of this transaction is subject to customary closing conditions. Paul Hastings LLP and KPMG LLP advised STG on the transaction.

About Symphony Technology Group
STG is a private equity partner to market leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market winning portfolio companies, STG creates sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world class management teams. STG’s expansive portfolio has consisted of more than 50 global companies. For more information, please visit www.stgpartners.com.

About Alveo

Alveo is a leader in market data integration and analytics solutions for financial services. Focused on optimising data flows for business user self-service, we provide cloud-native data aggregation and data quality management that enables clients to easily access trusted data while maximising their data ROI. Through our managed services, we ensure that clients can smoothly onboard, prepare and validate data for use in operations, trading, investment management, pricing, risk, reporting and machine learning. We service a global client base and our award-winning technology provides easy integration into business user workflows and a proven platform for advanced analytics. Through combining deep domain expertise with the latest open-source technologies, we help financial institutions ensure high-quality data, optimise market data cost and maximise productivity.

Microsoft to make equity investment in LSEG through acquisition of shares

London Stock Exchange Group (LSEG) and Microsoft have entered into a new long-term strategic partnership to architect LSEG’s data infrastructure using the Microsoft Cloud, and to jointly develop new products and services for data and analytics. The partnership will build on the good progress made by LSEG on the integration of Refinitiv and enhance its position as a world-leading financial markets infrastructure and data provider. Read the full release here.

The financial services industry is known for its complexity in terms of the multitude and proliferation of market participants, vendors, products, user requirements, agreements and pricing structures.

Alongside this, the global financial sector generates an enormous amount of data (measured today in petabytes i.e., 1,000s of terabytes), creating data capture and management challenges for all participants in the financial trading supply chain – sell and buy sides, data generators and consumers. Read more.

In a recent interview for the APAC CIO Outlook magazine, TRG Screen President & COO, Leigh Walters, was asked about why and how to bring the much-needed compliance visibility into enterprise subscriptions for organizations. Read the full article here.