Hazeltree acquires ENSO Financial Analytics
04 October 2019 New York
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Treasury management services provider Hazeltree has acquired ENSO Financial Analytics, a portfolio analytics services provider for hedge funds and prime brokers, previously owned by CME Group.
ENSO’s suite of data-driven tools aims to enhance risk and operational transparency and improve transactional efficiency, thereby allowing multi-prime hedge funds and asset managers to optimise structural and variable costs.
It captures data on more than $1 trillion in hedge fund assets under advisory.
Hazeltree said that ENSO will become an integral part of its product suite, and its prime brokerage, asset management, technology and data specialists will be integrated with Hazeltree’s team.
Data analytics provider IHS Markit is also a minority stakeholder in the transaction alongside existing investors.
Pierre Khemdoudi, global co-head equities data and analytics at IHS Markit, said that the data analytics provider was drawn to investing in the deal because the platforms and data solutions from Hazeltree and ENSO are highly complementary to its own services and network of buy-side and sell-side clients.
“Our investment is a way to help align our solutions to serve the evolving needs of our customers while also establishing a foundation for potential further integration and partnerships in the future,” he added.
The specific financial terms of the transaction were not disclosed.
Sameer Shalaby, president and CEO of Hazeltree, said: “The acquisition will result in a truly unique integrated solution with extensive scale and talent, to support more than 200 important clients, who can now benefit from the best solutions and services available.”
Paul Busby, global head of ENSO, added that he expects to deal to create significant synergies for their global client base.
“Together, our teams will continue to deliver industry-leading technology to help drive continued innovation of our portfolio finance, treasury, and data solutions,” he said.
ENSO’s suite of data-driven tools aims to enhance risk and operational transparency and improve transactional efficiency, thereby allowing multi-prime hedge funds and asset managers to optimise structural and variable costs.
It captures data on more than $1 trillion in hedge fund assets under advisory.
Hazeltree said that ENSO will become an integral part of its product suite, and its prime brokerage, asset management, technology and data specialists will be integrated with Hazeltree’s team.
Data analytics provider IHS Markit is also a minority stakeholder in the transaction alongside existing investors.
Pierre Khemdoudi, global co-head equities data and analytics at IHS Markit, said that the data analytics provider was drawn to investing in the deal because the platforms and data solutions from Hazeltree and ENSO are highly complementary to its own services and network of buy-side and sell-side clients.
“Our investment is a way to help align our solutions to serve the evolving needs of our customers while also establishing a foundation for potential further integration and partnerships in the future,” he added.
The specific financial terms of the transaction were not disclosed.
Sameer Shalaby, president and CEO of Hazeltree, said: “The acquisition will result in a truly unique integrated solution with extensive scale and talent, to support more than 200 important clients, who can now benefit from the best solutions and services available.”
Paul Busby, global head of ENSO, added that he expects to deal to create significant synergies for their global client base.
“Together, our teams will continue to deliver industry-leading technology to help drive continued innovation of our portfolio finance, treasury, and data solutions,” he said.
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