Visible Alpha Purchases Alpha Exchange11.16.2017 By Rob Daly Editor-at-Large
Visible Alpha has acquired research discovery and management platform provider Alpha Exchange, company officials announced today, November 16.
The addition of Alpha Exchange’s advanced technology platform to Visible Alpha’s existing services will create a unified consumption and collaboration experience across research reports, analyst models and corporate access events backed by a robust compliance framework.
Since Visible Alpha’s commercial launch in February 2017, the company has been helping investment firms of all sizes and geographies become MiFID II compliant with research tracking and valuation tools, while enabling idea discovery through its analyst model and deep consensus platform. Currently, more than 80 firms with a combined $14 trillion in AUM are using a combination of these tools.
“Alpha Exchange brings innovative, cutting-edge technology to the way research can be managed, discovered and shared,” said Scott Rosen, CEO of Visible Alpha. “With the Alpha Exchange team on board, we will further provide investment professionals with industry-leading tools to streamline and enhance their workflows by focusing in on the most relevant and meaningful research content.”
By bridging Visible Alpha’s fundamental analysis tools and research administration services, Alpha Exchange’s technology for research discovery, management and collaboration will help anchor a comprehensive end-to-end solution for clients to discover, consume, track, budget, value, and pay for research content.
“We are excited to be a part of the Visible Alpha team and to continue to execute on our vision of creating a smarter way to consume investment research,” said Emma Margetts, Co-Founder of Alpha Exchange. “With the addition of Visible Alpha’s suite of analytics and deep forecast data across thousands of companies, we have the opportunity to build an even more intelligent research discovery engine.”
The deal should boost the firm's LME operations in Germany, say officials.
The deal entails the acquisition of three of the firm's brokerage businesses.
Schwab estimates a $1.8B to $2B run-rate expense synergies within three years of the deal's close.
The acquisition extends the vendor's SaaS offerings to private debt markets.
The purchase should bolster the firm's trading technology and quantitative research.