Linedata Nabs Risk Analytics, Portfolio Management Vendor Derivation

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Management & Strategy

Buy-side-focused solutions provider Linedata announced the acquisition of Derivation, which specializes in risk, analytics and portfolio management solutions for the buy side.

Derivation, which was founded in 1996 and is headquartered in England, employs less than 20 people and saw revenues of roughly £2 million ($2.82 million) in 2015. Linedata has nearly 1,000 employees in 16 offices. The firm achieved €172.3 million ($196.5 million) in revenues in 2015.

"Offering our clients global, high-quality, scalable solutions is a cornerstone of our Linedata 2018 global leadership strategy. Having a comprehensive range of asset management solutions is key to leading the sector and driving our growth", said Anvaraly Jiva, founder and CEO of Linedata, in a statement "The teams at Derivation share our values of customer service and entrepreneurship, and we are delighted to welcome them into Linedata."

After the acquisition, Linedata plans on releasing major updates to its asset management platform, specifically focusing on improving coverage of MiFID II, enhanced compliance monitoring and advanced fixed-income and derivative portfolio management.

There have been a slew of acquisitions on the buy side around risk platforms this year, as discussed in a recent episode of the Waters Wavelength podcast.

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