Sovereign backs the MBO of private client trust and corporate services provider Aquitaine and its first two acquisitions Read more

  • Status: Current
  • Date: 2018
  • Sectors:
    • Business & Technology Services
    • Financial Services & Insurance

www.alveotech.com

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Alveo

Alveo is a leading financial services data company. In 2018, Sovereign backed the MBO of the business to support the delivery of its ambitious growth strategy.

INVESTMENT BACKGROUND

Founded in 1991, Alveo (formerly Asset Control) was one of the early entrants to the third-party Enterprise Data Management market and has established a global position providing financial data management software to a range of large financial institutions. With headquarters in London, the company has offices in the US, Singapore and the Netherlands.

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.

Value creation to date

  • Chairman appointed - former President of Capital Markets at SunGard Data Systems - to support the growth strategy.

THE STORY SO FAR

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.

At the end of 2020, Alveo rebranded (from Asset Control), to reflect the significant change that has happened within the business since being backed by Sovereign. The Company has focused on new product innovation - launching new products including cloud-based product 'Alpha' - upgraded its core software to be cloud native, moved to a managed services deployment model and leveraged cloud technologies to accelerate implementation timelines.

Alveo’s integrated managed service solution for data mastering and data analytics has been implemented by a range of new customers including asset managers, banks and global clearing and trading platforms.

Sovereign is working with the management team company to further develop is growth opportunities through Buy & Build.


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IN THEIR OWN WORDS

“We are delighted to be backed by Sovereign. The partnership delivers a tangible benefit our clients as a result of the accelerated investment in product development which further enhance clients' data management capabilities. with Sovereign support we look forward to further developing the business launching new products and winning new clients.”

Mark Hepsworth / CEO / Alveo

Alveo Awards

RiskTech100 2020

2020 Winner - Data Management Awards

2021 Winner - Best Sell Side Data Management Product - WatersTechnology.com Sell Side Technology Awards