Leading Developer of Equity Portfolio Management Software to be
Integrated into BlackRock Solutions
BlackRock, Inc. (NYSE: BLK) today announced that it will acquire Impact
Investing, a Sydney, Australia based software development company
specializing in equity portfolio management and analytical software
tools. Impact will be fully integrated into BlackRock Solutions®,
a unit of BlackRock that offers a broad range of tools and services
designed to help institutions understand and manage their capital
markets exposures and risks.
BlackRock Solutions offers a suite of investment tools designed to
support a highly controlled, scalable and efficient investment
management process. Aladdin®,
its enterprise investment platform, combines sophisticated risk
analytics with portfolio management, trading and operations tools. In
total, over $7 trillion in assets are processed on the Aladdin platform.
Impact Investing specializes in analytical software tools used by equity
portfolio managers to construct efficient portfolios, and communicate
their conclusions and results. Total assets directly managed using the
Impact system globally exceed $1 trillion.
“We look forward to incorporating Impact’s
functionality into Aladdin’s analytics and
trading capabilities and are particularly excited about the enhanced
equity analysis and portfolio visualization capabilities this will
provide − further strengthening the platform’s
multi-asset capabilities,” commented Robert
Goldstein, Managing Director and head of Relationship Management for
BlackRock Solutions. “We believe the
combination will provide tremendous value to both Impact and BlackRock
Solutions clients. Given that BlackRock is among Impact’s
oldest clients in support of our asset management business, this was a
very natural functional and organizational fit.”
“Impact recognized that we needed a partner
to expand the scope of our capabilities and continue to meet the growing
demands of our clients,” said Nigel Allfrey,
Chief Executive Officer of Impact Investing. “Combining
BlackRock Solutions’ significant experience
in fixed income and derivatives analytics, as well as its multi-asset
class trading platform and global service model with Impact will provide
a unique solution to the marketplace.”
Impact Managing Director and Co-Founder, Paul Durham, stated, “I
am enormously proud of the team’s
accomplishments and the confidence our clients have shown in Impact
since our founding in 2002.
