Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, recently announced it has acquired Software as a Service (SaaS) provider, Scivantage. Refinitiv reported that the acquisition of Scivantage represents the next step in its journey to create next-generation digital wealth management solutions, providing clients with the data, technology, and insight needed to “empower” better decisions and user engagement.
Refinitiv also reported that by integrating Scivantage’s solutions,it has expanded its wealth management portals’ service offering, driving client centric experiences through exceptional service and connectivity between advisors and their clients. Joe Mrak, Global Head of Wealth Management at Refinitiv, spoke about the acquisition:
“Acquiring Scivantage at this stage affords a tremendous opportunity for us to work together on our shared goal of creating next-generation digital wealth management solutions that enhance the overall customer experience. Scivantage’s deep roots, knowledge and capabilities will enhance our wealth management portfolio of solutions, and we welcome our esteemed new colleagues to the Refinitiv family.”
Joe Stensland, Chief Commercial Officer at Scivantage, went on to conclude:
“Scivantage has made tremendous impact as a Software as a Service (SaaS) innovator in the fintech market. Our digital solutions continue to move the industry forward and enable our customers to deliver a better client experience. Being part of the Refinitiv family will enable our growth through integration into Refinitiv’s broad portfolio of wealth management solutions.”