Aquiline Capital Partners, a New York-based private equity firm investing in financial services is now the majority shareholder of BI-SAM Technologies, a provider of data management, performance, attribution, risk, GIPS® and reporting solutions for the asset management industry.
Terms of the transaction were not disclosed.
As the majority owner, Aquiline will provide financial and operational support, including North American presence and expertise, to aid BI-SAM in its plan for growth and expansion. BI-SAM intends to increase its market share across all tiers of the global asset management industry.
BI-SAM will continue its strategy of global expansion and bolster its client services and implementation partnerships. BI-SAM plans to increase materially the size of its workforce over the next three years, most notably in North America and the Asia-Pacific region, to further its growth and operations in those
geographies.
BI-SAM was founded in 2000 by Alexandre Harkous, Christophe Volard and Xavier Chaude, experts in asset management and analytics technology. Over the next 12 years, the team built BI-SAM’s B-One® platform into the market leader, serving Tier I asset managers across Europe, North America and Asia.
