Investment Metrics to merge with InvestorForce

July 30, 2018

Investment Metrics, a Darien-based investment analytics and reporting firm, is set to merge with a Pennsylvania financial-software specialist after IM’s parent company announced Monday it would acquire the latter business.

Private equity firm Resurgens Technology Partners, Investment Metrics’ majority owner, has agreed to buy Conshohocken, Pa.-based InvestorForce from Morgan Stanley Capital Investments. IM and InvestorForce would then combine into a company whose clients on its platform would hold approximately $10 trillion in assets under advisement. Financial terms of the deal were not disclosed.

“In this changing market where investors are demanding more from their investment solutions, we are confident that our expanded unique data offering, paired with the best-in-class analytics and reporting solutions, will uncover further opportunities and increase efficiencies for our clients,” Sanjoy Chatterjee, Investment Metrics’ founder and CEO, said in a statement.

Resurgens’ acquisition of InvestorForce is to close within the next three months. The expanded firm would operate under the Investment Metrics name and support IM’s and InvestorForce’ software, data and services. IM’s operations would remain in Darien.

“The combined company is committed to finding the balance between continuity and growth, from maintaining a disciplined focus on the challenges our clients face today while partnering with them to envision, design, develop and launch next generation data solutions, flexible workflows, powerful analytics and intuitive report output,” Blake McLaughlin, InvestorForce’s head of product management, said in a statement.

IM’s clients now account for about $6.5 trillion under advisement. Among recent milestones, investment management and advisory giant Mercer deployed last fall the firm’s technology across its U.S. wealth-management business.

More than 100 Mercer employees are now using IM’s platform to track the performance of assets of clients spanning the public and private sectors, including endowments and foundations, and whose holdings include defined-contribution and defined-benefit retirement plans.

“Our DNA goes back into the consulting world, where we started this business as part of a consulting firm, so we understood the requirements from the complexity of these asset classes,” Chatterjee said in an interview earlier this year.

IM employs about 20 in Darien, and another 16 work for the firm in Bangalore, India, assisting with research and development and back-office operations. Average employee tenure in the Darien offices exceeds 15 years.

Founded in 2010, IM was spun off from investment-consulting firm Rogerscasey. Since its founding, IM has operated in the Parklands Office Park, next to Selleck’s Woods and I-95. A senior residential complex is under construction on the same site.

“It’s a great location with the proximity to New York City,” said Chatterjee, a Norwalk resident. “We are very happy here.”

pschott@scni.com; 203-964-2236; twitter: @paulschott

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