SEI Acquires Altigo; SEI To Leverage Unique Industry Position To Meet Market Demand And Streamline Investment Process For Alternatives; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
SEI (NASDAQ:SEIC) has acquired Altigo, a cloud-based technology platform for alternative investments. The acquisition aims to meet the growing demand for alternative assets, expected to reach $23 trillion by 2027, and streamline the investment process. SEI plans to integrate Altigo's capabilities with its own to provide a comprehensive solution for private fund investing, targeting the distribution of alternative investment products in a SaaS model to its clients by the first half of 2024. The financial terms of the deal were not disclosed.
December 21, 2023 | 2:02 pm
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POSITIVE IMPACT
SEI's acquisition of Altigo positions the company to capitalize on the growing demand for alternative investments and enhance its service offerings. The integration of Altigo's technology is expected to drive growth and expand SEI's strategic opportunities in the alternatives space.
The acquisition of Altigo by SEI is directly relevant to SEI's business strategy and growth prospects in the alternative investment market. The positive impact is based on the expected growth in demand for alternative assets and SEI's plan to leverage Altigo's technology to enhance its offerings. The score reflects a likely increase in investor confidence and potential for stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100