KNEIP, a leader in fund data management and reporting solutions for the asset management industry, announced today that it has agreed to acquire Dataglide, a UK-based technology company specialised in data transformation and cloud-based automation.
With this strategic acquisition, KNEIP renews its commitment to being the technology leader in its industry. This acquisition brings significant technology expertise in-house, with microservices architecture and multi-tenant cloud computing, which will increase service quality and data accuracy, as well as will drive process automation across its portfolio. With Dataglide technology, KNEIP is ready to launch new products, innovate, and consolidate. Asset managers rely more than ever on accurate and efficient data management, and KNEIP’s new technology platform will support them better. It will in turn be a key tool to accelerate the growth of the business.
Dataglide has been working with KNEIP for more than a year to build its next generation fund data management system. The acquisition is highly complementary to KNEIP’s existing technology and will make its current infrastructure highly scalable and even more secure. It will also allow KNEIP to deliver working software more frequently and bring more value to clients faster.
Enrique Sacau, CEO of KNEIP, commented: “We are delighted to bring Dataglide’s capability and its team into KNEIP to accelerate our plans for growth. Our goal is to help firms control their data, lower their operational and compliance risk, and ultimately inform their business strategy. This acquisition contributes to future-proof our business, as it takes our technology to the next level and deepens our capability to deliver innovative solutions and services to our clients.”
Simon Hook and Matt Duckhouse, co-founders of Dataglide, commented: “We are delighted to be partnering with KNEIP and to contribute actively to the company’s future successes. 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.”