SEI acquires global portfolio intelligence platform company Novus Partners

SEI Investments Co. has acquired global portfolio intelligence platform company Novus Partners, which SEI says will expand its capabilities for the institutional investor and investment management markets.

SEI currently works with over 440 institutional investors and more than 500 asset managers, while Novus is working with more than 140 institutional investors and asset managers combined, according to an SEI press release.

Following the acquisition, SEI plans to improve its current offering through the integration of Novus' global portfolio intelligence tool, which is now branded as SEI Novus, with SEI's investment intelligence and processing capabilities, the release said. SEI Novus will still provide asset managers with advanced portfolio intelligence, analytics and reporting technology.

After the acquisition, operations will continue in all four of Novus' current global locations: New York; London; Austin, Texas; and Zurich. Also, 49 of Novus' full-time employees will join SEI.