The management team was keen to accelerate the company’s growth plans and began to look for an investment partner to take the business to the next level. In Sovereign they found what they were looking for.
Our investment in the business coincided with a number of industry trends that combined to encourage banks and other financial institutions to increasingly invest in data.
This has included pressure from regulators for transparency, a greater reliance on third parties for specialist technology and more demand than ever from clients to unlock the value in the data they hold.
Alveo has already started to see the results of their labours as new products have launched, for example, a cloud-based product called Alpha.
With Sovereign’s help and support, including the appointment of Chairman, Brian Traquair, the former President of Capital Markets at SunGard Data Systems, the company will develop further momentum in its pipeline as together we embark on an ambitious Buy & Build strategy.
“We are delighted to be backed by Sovereign. The partnership will benefit our clients, who can expect accelerated investment in product development to further enhance their data management capabilities. Alveo has grown rapidly in recent years and we look forward to continued successes with Sovereign in launching new products and winning new clients.”
Mark Hepsworth / CEO / Alveo
Data Management Awards 2020 - Winner