Ipreco acquires Debtdomain

ipreo-logoIpreo, a provider of market intelligence and productivity solutions to capital markets and corporate professionals, announced the acquisition of Debtdomain, a provider of web-based systems for loan syndication. Terms of the deal were not disclosed.

Debtdomain is a web-based system for managing the loan syndication process from pitch to agency. The solution covers deal setup, pipeline reporting, sole and joint bookrunning, and secure document distribution. Debtdomain also offers an investor CRM tool debtdomainpowered by a database of over 250,000 contacts, and integrated with bookrunning and deal sites. Debtdomain is used by over 150 leading loan market arrangers and agents. Debtdomain was founded in 2000 and has offices in New York, London, and Hong Kong.

The Debtdomain business will become part of Ipreo’s Capital Markets vertical, completing Ipreo’s offering of web-based new-issuance solutions for all types of syndicated products. Ipreo’s capital markets solutions include end-to-end bookbuilding systems, roadshow & conference management platforms, and electronic document delivery. Additionally, Ipreo’s suite of investor prospecting and CRM solutions offers comprehensive institutional contacts data and investor profiles. Ipreo is the only financial services provider to offer solutions across all asset classes including Equity, Fixed Income, Municipal bonds, and Syndicated Loans.

“Syndicated loan solutions are a natural extension of our Capital Markets business, fulfilling our goal of being able to cover all types of syndicated products,” said Scott Ganeles , CEO of Ipreo. “Debtdomain is the preeminent player in the syndicated loan space, with a strong client focus, a winning track record, and an approach to technology that is well aligned with our own.”

Debtdomain co-CEOs Sean Tai and David Levy will both be joining Ipreo’s Executive Committee and together will run the Loan Syndication business under Ipreo’s Capital Markets vertical.

USA, New York & UK, London

IBM to Acquire StoredIQ

ibm-logoIBM has announced that it plans to acquire StoredIQ, an e-discovery software vendor. This acquisition is part of a move to expand its position in the “information governance software” space. The financial terms of the deal were not disclosed.

StoredIQ, the privately held, Texas based firm is primarily involved with providing software solutions for the legal exchange of electronic information in civil cases (known as e-discovery). It helps its clients by assisting with indexing, storage, de-duplication and deletion of unstructured (unclassified) data. Its clients include companies in the “financial services, healthcare, government and manufacturing industries.”

StoredIQ is the latest in a number of acquisitions IBM has made in the information management space. IBM purchased e-discovery vendor PSS Systems in 2010 and enterprise search vendor Vivisimo in 2012. The press release for the transaction states that IBM hopes the acquisition will reduce “information risk by automating privacy, e-discovery, and regulatory policies.” Phil Myers, StoredIQ CEO has stated that prior to the transaction two firms were already “longstanding partners with existing integration,” with the press release continuing that the transaction should help with “aligning cost to the value of information.”

USA, Armonk, NY & USA, Austin, TX

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