Issue 12 2020

Acquisition International - Issue 12 2020 5 News : from around the world Expanding their Capabilities Private Client Resources (PCR) acquires European data aggregation Firm Check6.The acquisition expands PCR’s global capabilities with new European data sources and experienced data operations teams. Private Client Resources, LLC (PCR) has recently announced finalisation of its acquisition of the European data aggregation firm Check6, headquartered in The Netherlands. Bob Miller, CEO of PCR, said, “We are very excited to partner with the Check6 team in expanding our European presence. They have done a great job connecting to the major European institutions and provide instant fulsome European data source coverage for the PCR network.” The market for global investment data aggregation is growing. Wealth management firms around the world are working to implement digital technologies they hope will modernise their processes and enhance their clients’ experience. Critical to the success of these initiatives is a reliable source of accurate client investment data. In cases where a client’s portfolio is comprised of a complex mixture of globally distributed liquid and illiquid assets the challenge to consolidated reporting is often significant. Thomas Uger, Partner at Public Pension Capital, said, “PCR is ideally positioned to provide global firms the investment data they need to power their digital initiatives. We were pleased to have the opportunity to again support management’s expansion plans with this acquisition and look forward to exploring other future growth opportunities.” The companies have already completed integration of their technologies and are serving customers on a global basis. Check6 employees will become an integral component of the PCR service model delivering in time-zone support, training and data operations. Sebastian Verkuilen, Founder and CEO of Check6 said, “PCR was an obvious partner for us to roll data aggregation services out globally. The companies share a common vision of the importance of data and a similar technological, privacy- first approach to data aggregation. PCR has solved for the core challenges to complex aggregation including automated aggregation of alternative assets and privacy management at scale. For Check6 stakeholders, the opportunity to partner in developing a one-of-a-kind global aggregation provider was too compelling to pass up.” PCR has introduced numerous innovations to the aggregation process including digital consent technology that eliminates credential sharing and screen scraping, the ability to automate the aggregation of illiquid statement- based assets and a unique privacy architecture that ensures personal information is handled in compliance with global privacy regulations. As a result of the acquisition PCR will have data feed connections with over 600+ global institutional sources. Combined with their ability to automate the aggregation of alternatives, PCR is uniquely positioned to serve private clients and their advisors on a global scale. Bob Miller, CEO of PCR, said, “This acquisition is a natural and important step in fulfilling our vision of a safe and scalable global investment data utility. Through our partnerships with major wealth tech providers and other possible acquisitions, we are looking at opportunities in Asia and other regions important to our global clients.” Dotmatics appoints Matt Burnett as Chief Technology Officer. Dotmatics Ltd, a scientific informatics software and services company that is driving the automation of laboratory data workflows for scientific discovery and innovation research, has recently announced the appointment of Matt Burnett as Chief Technology Officer (CTO). In this role, Matt will work as part of the senior management team taking ownership of the company’s technical roadmap, global cloud and IT operations, and technology execution. Matt will report into the current Dotmatics CTO and co-founder, Alastair Hill, who will assume the new role of Chief Information Officer (CIO), focusing on company vision and strategy in support of Dotmatics’ customers. Matt has 25 years’ experience as a CTO across diverse industries and sectors, delivering enabling technologies and platforms. He was Founder of EIBS, a company developing web and mobile content solutions for the public and third sectors including the NHS. Following EIBS’ acquisition in 2014 by Ideagen plc, Matt became the Ideagen Group CTO, responsible for product vision, technology and alliances, growing his technology team from 30 to 140 over a three- year tenure. Matt joins Dotmatics from Commify, one of Europe’s largest mobile business messaging companies, where he had been CTO since 2017 supporting 45,000 companies communicate with their customers and staff. Alastair Hill, co-founder and Chief Information Officer, Dotmatics commented: “Not only does Matt have a wealth of CTO experience and a track record in driving technological innovation, but his cross-sector experience will also bring new perspective to our technology and operations. I have no doubt that Matt will make a fantastic addition to the senior management team and look forward to seeing him make an impact within the organisation, and with our customers, as I transition to my new role as CIO.” Matt Burnett, Chief Technology Officer, Dotmatics, added: “On my technology journey I have always looked for challenges that will make a difference to people’s lives, and so I feel very fortunate to have joined Dotmatics – accelerating research and innovation. I look forward to working with the exceptional talent at Dotmatics, helping to change our world for the better.” Driving Technological Innovation