In partnership with Stellex Capital Management, Communify, a Just Build It (JBI) company, will merge with Fincentric, a provider of digital experiences.
This merger will integrate Fincentric with Communify’s client communication and management services, resulting in the new entity named Communify Fincentric.
The company aims to enhance market and client data communication through Communify Fincentric, offering a unified digital platform for financial institutions. This platform features a SaaS-based suite that includes Markets Apps, Client Apps and Advisor Apps.
Renee Spampinato, Global Head of Fincentric, commented: “Combining our market data excellence with Communify’s leading client data solutions creates a compelling proposition for the market. The Communify team is well-known for their excellence in design innovation, go-to-market and value creation. Unifying teams that believe in design and innovation is very exciting.”
Building on Fincentric’s established presence in the US brokerage and self-directed investor markets, Communify Fincentric plans to expand both domestically and internationally.
Aiming to serve the broader wealth and asset management sectors, Communify Fincentric will offer both off-the-shelf products and customised solutions for large organisations globally. By combining Fincentric’s 30-year legacy with Communify’s advanced technology and design expertise, the company seeks to establish itself as a leader in financial data communication and management.
John Wise, Chairman and CEO of Communify Fincentric, stated:, “We’ve followed Wall Street on Demand to Markit Digital/Markit on Demand to Fincentric over the years for their outstanding ability to create compelling user experiences with complex data sets to investors.
“Their numbers speak for themselves – their product gets 165 million logins per month, accessing over 563 million page views per day whilst leveraging 4,000 unique data feeds.
“Unifying Fincentric’s market data capabilities with Communify’s expertise in client data creates a strong digital partner for the financial markets. Our shared client-centric, design-centric mindset will be pivotal as we look to grow Communify Fincentric domestically and worldwide.”
This acquisition reflects a broader trend in recent deals. Just as Communify Fincentric’s merger is set to enhance financial data communication and management, Linedata‘s acquisition of AI and fintech startup DreamQuark earlier this year aims to boost its efficiency across asset management, credit and insurance sectors.
