About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Alveo Plans Acceleration of New Products Following Investment from Symphony Technology Group

Subscribe to our newsletter

Alveo is changing hands again after reaching a definitive agreement to receive a majority investment from Symphony Technology Group (STG), a private equity partner to companies in data, software, and analytics. Alveo expects the STG investment to accelerate roll out of new products, further developing its managed data services and Data-as-a-Service offerings.

The STG investment coincides with the previous majority holder of Alveo, Sovereign Capital Partners, selling its stake after backing the MBO of Alveo (then Asset Control), led by CEO Mark Hepsworth, in September 2018. Sovereign worked with Alveo to strengthen the management team with the appointments of a new CFO, CTO, and non-executive chairman. It also helped the company’s transformation to a cloud-based data management platform. Sovereign acquired its majority stake in Alveo from Marlin Equity Partners.

“Sovereign has been a highly supportive investor financially and strategically. Together we have been able to deliver on a shared vision for the group,” says Hepsworth. “Our partnership unlocked significant investment to reposition and accelerate the growth of the business, culminating in its rebrand to Alveo in December 2020. In particular, we have focused on moving Alveo natively to the cloud, rolling out a range of new managed services and improving business user productivity across financial institutions. Going forward, we are partnering with STG to deliver on the next phase of our strategy and continuing to focus on further enhancing our products and services. STG have strong experience in this segment.”

From an STG perspective, managing director, Marc Bala, says: “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.”

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 the transaction is subject to customary closing conditions.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best practice approaches to data management for regulatory reporting

13 May 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Effective regulatory reporting requires firms to manage vast amounts of data across multiple systems, regions, and regulatory jurisdictions. With increasing scrutiny from regulators and the rising complexity of financial instruments, the need for a streamlined and strategic approach to data management...

BLOG

The Nuts and Bolts of a Modern Data Management System According to Arcesium

The past 12 months have been busy ones for data management and technology provider Arcesium. Winning the award for Most Innovative North American Data Management Provider in A-Team Group’s Data Management Insight Awards USA 2023 and opening a new office in Portugal were among the highlights of a year that also saw the New York-headquartered company expand...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...