Strategic Insight, the data and business intelligence provider for the global asset management community, announced it will acquire BrightScope, a firm known for its retirement plan data and technology innovation.
The latest announcement follows the recent acquisition of Market Metrics and Matrix Solutions and further adds sales and distribution data for retirement to Strategic Insight’s expanding portfolio. Strategic Insight is focused on being the investing industry’s “one-stop shop for data and insights, as well as providing accelerated product delivery for its clients.”
Co-Founded in San Diego in 2008 by Mike and Ryan Alfred, BrightScope is a well-known provider of retirement plan, sales and distribution data enabling retirement market-focused asset managers to identify, target and retain their clients. According to Strategic Insight, the company is well regarded for its “innovative technology solutions and data management expertise.”
Commenting on the acquisition, Strategic Insight CEO Joel Mandelbaum says the move expands Strategic Insight’s data offering and research and development capacity.
“BrightScope is well known for its unique retirement data and its technology innovation,” he adds. “We are excited by the opportunity to add retirement data to our portfolio and accelerate our commitment to the asset management community.”
Mike Alfred, co-founder at BrightScope, agrees, adding that the financial services industry “is going through tremendous change,” adding even more potential to the deal with Strategic Insight.