Kneip, a Luxembourg and London-based provider of fund data management and reporting solutions for the asset management industry, has acquired Dataglide, a London-based technology company specialising in data transformation and cloud-based automation.
The acquisition follows more than a year’s work by the companies to build a next generation fund data management platform for Kneip. It also brings additional technology expertise in-house, with microservices architecture and multi-tenant cloud computing expected to increase service quality and data accuracy, as well as drive process automation across Kneip’s data management and reporting solutions.
“Dataglide’s capability and team will accelerate our plans for growth,” says Kneip CEO Enrique Sacau. “Our goal is to help firms control their data, lower their operational and compliance risk, and ultimately inform their business strategy. The acquisition takes our technology to the next level and deepens our capability to deliver innovative solutions and services to our clients.”
From Dataglide’s perspective, co-founders Simon Hook and Matt Duckhouse comment: “By combining the technical expertise of the Dataglide team with the deep market understanding and powerful offering of Kneip, we will accelerate product innovation for the benefit of the fund management sector.”