BlackRock Completes Acquisition of eFront -- Industry Leading Alternatives Investment Software Provider
May 10 2019 - 6:00AM
Business Wire
Combination of Aladdin and eFront Sets New
Standard in Investment Management Technology
BlackRock, Inc. (NYSE:BLK) has completed the acquisition of
eFront, the world’s leading end-to-end alternative investment
management software and solutions provider. The combination of
eFront with Aladdin will set a new standard in investment and risk
management technology, vastly expanding Aladdin’s alternatives
capabilities and providing a whole-portfolio technology solution to
clients.
“As more investors incorporate alternatives into their
portfolios, the ability to seamlessly manage portfolios across
public and private asset classes on a single platform is critical,”
said Rob Goldstein, Chief Operating Officer of BlackRock. “eFront
will extend Aladdin’s end-to-end processing capabilities in
alternative asset classes, enabling clients to get an enterprise
view of their portfolio. We are excited to welcome eFront’s 700
employees to BlackRock as we continue to offer eFront as its own
platform and enrich its value proposition with Aladdin analytics.
BlackRock and eFront share the same vision of making alternatives
less alternative and will work together towards that
objective.”
“Aladdin has long been recognized as the best-in-class unified
investment and risk management technology platform in the
industry,” said Tarek Chouman, Chief Executive Officer of eFront.
“Joining BlackRock, adopting its user-provider model and
integrating with Aladdin means that our investor, fund
administrator and fund manager clients will benefit from constantly
elevated standards and innovative product features."
About eFront
Founded in 1999, eFront is based in Paris and is the leading
technology provider for managing the alternatives investment
lifecycle, from due diligence and portfolio planning, to
performance and risk analysis, across a range of alternative asset
classes. eFront’s solutions serve investors in the private equity,
real estate investment, banking, and insurance sectors.
About Aladdin
Aladdin has always been at the core of BlackRock. It combines
sophisticated risk analytics, exposure and performance analyses
with comprehensive portfolio management, trading, compliance and
operational tools on a single unified platform. Aladdin was first
built to manage BlackRock’s business, and the firm continues to be
the largest user of Aladdin today. Through Aladdin, the firm offers
to clients the same technology and intellectual capital that
BlackRock uses to manage investments day-to-day. BlackRock's unique
user/provider model brings a practitioners perspective to
Aladdin.
About BlackRock
BlackRock helps investors build better financial futures. As a
fiduciary to our clients, we provide the investment and technology
solutions they need when planning for their most important goals.
As of March 31, 2019, the firm managed approximately $6.52 trillion
in assets on behalf of investors worldwide. For additional
information on BlackRock, please visit www.blackrock.com | Twitter:
@blackrock | Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock.
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version on businesswire.com: https://www.businesswire.com/news/home/20190510005137/en/
Media:Melissa Garville(212)
810-5528Melissa.Garville@BlackRock.com
Ryan O’Keeffe+44 (20)
77435876Ryan.Okeeffe@BlackRock.com
Investor Relations:Samantha Tortora(212)
810-5397Samantha.Tortora@BlackRock.com
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