About a-team Marketing Services

A-Team Insight Blogs

Rimes changes hands, plans accelerated expansion as Five Arrows completes acquisition

Subscribe to our newsletter

Rimes, a provider of EDM-as-a-Service and investment platform solutions, is in new hands following the completion of its acquisition by Five Arrows, the private equity arm of Rothschild & Co. The partners say the acquisition provides a foundation for accelerated global expansion.

The deal was announced in April 2024 and sees Rimes move on from ownership by Swedish private equity firm EQT Partners, which acquired the company in February 2020 firm saying it had made a ‘significant growth investment’ to work with Rimes CEO, president and co-founder Christian Fauvelais to expand the company’s data management solutions and extend capabilities and partnerships.

In June 2021, Brad Hunt, formerly lead of strategy and business development at BNY Mellon, was appointed as CEO of Rimes with a focus on developing the company’s value proposition by delivering modernised outsourced data management solutions addressing industry issues of data complexity and cost. Fauvelais retained a role on the Rimes board and provides strategy guidance.

Commenting on Rimes’ latest acquisition by Five Arrows, Hunt says: “Rimes is well positioned to help shape the future of investment data solutions by leveraging its customer-centric ethos, deep domain expertise and cutting-edge technology. I look forward to helping more clients achieve their goals through our flagship benchmark data services, outsourced data management capabilities, investment management platform, and AI services. Our impressive growth over recent years reflects our commitment to innovation and excellence, and we will accelerate this with Five Arrows.”

Rimes was set up in New York in 1996 to provide managed data services with a focus on index and benchmark data. It has since been developed to offer a portfolio of data management solutions spanning EDM-as-a-Service, index and benchmark data management solutions, security and price master services, ESG data management solutions, ETF data management services, and data distribution and warehousing services.

The company’s Matrix investment management platform, which was acquired in October 2021 as part of Matrix IDM, a Sydney, Australia-based provider of a cloud native investment data management platform, is designed to help asset owners, institutional investors and asset managers solve complex data management solutions and make better informed investment decisions.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The roles of cloud and managed services in optimising enterprise data management

Cloud and managed services go hand-in-hand when it comes to modern enterprise data management (EDM), but how can the best solutions for the business be selected and implemented to ensure optimal data management based on accurate, consistent, and high-quality data, and delivering improved efficiency, better decisions and competitive advantage? This webinar will answer these questions,...

BLOG

Snowflake Report Says Asset Servicers Are Using Cloud as Agent of Change

Institutional client services (ICS) providers are harnessing cloud-based technologies to develop new capabilities, including artificial intelligence (AI), as they transform their business models to suit a fast-changing global financial system. In a bid to differentiate themselves they are seizing opportunities offered by cloud processing to “take more control over the assets they traditionally entrust to...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Entity Data Management Handbook – Second Edition

Entity data management is this year’s hot topic as financial firms focus on entity data to gain a better understanding of customers, improve risk management and meet regulatory compliance requirements. Data management programmes that enrich the Legal Entity Identifier with hierarchy data and links to other datasets can also add real value, including new business...