Strategic Insight, the data and business intelligence provider for the global asset management community, announced the next stage of its growth strategy with the acquisition of BrightScope.
This acquisition 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 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 the leading provider of retirement plan, sales and distribution data, enabling retirement market-focused asset managers to identify, target and retain their clients. The company is well-regarded for its innovative technology solutions and data management expertise.
Commenting on the acquisition, Strategic Insight CEO Joel Mandelbaum says, “This acquisition expands Strategic Insight’s data offering and research and development capacity. BrightScope is well known for its unique retirement data and its technology innovation. 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, BrightScope says, “We are thrilled to join the Strategic Insight team. The financial services industry is going through tremendous change and we believe this combination will give us the platform and products to meet the evolving needs of our customers.”