Addepar To Buy Alternatives Data Provider AltX

Mountainview, Calif.-based Addepar announced on Thursday that it is purchasing AltX, an alternatives market intelligence platform.

Addepar hopes that the acquisition will boost it’s capabilities around alternative investing by enabling advisors to make better-informed decisions, said Eric Poirier, Addepar CEO, in a statement released on Thursday.

“Addepar gives wealth advisors the technology, data and services they need to deliver tailored and comprehensive solutions to each of their clients,” said Poirier. “AltX’s team has built awesome technology for alternatives, and it perfectly complements Addepar’s solutions for family offices, RIAs, private banks, wirehouses and large allocators.

from FA News http://www.fa-mag.com/news/addepar-announces-acqusition-of-alternatives-data-provider-altx-32793.html

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