DALLAS, Jan. 31, 2018 /PRNewswire/ -- Solovis, a multi-asset class portfolio management, analytics and reporting platform for limited partners, asset owners, and allocators, today announced it achieved record growth in 2017. The company increased revenues by 300%, announced Series A funding and executed a strategic acquisition to round out its investment analytics offerings.
Solovis has quickly emerged as an innovator in fintech, with a unique focus on the large-scale institutional investment management needs of pensions, foundations, endowments, OCIOs and family offices. In addition to strong organic growth, the company deepened its investment analytics technology and expanded its client base with the Madrone acquisition, which was announced in December 2017.
The success and strength of the Solovis technology platform and its transformative approach to investment reporting and analytics led Edison Partners, a prominent growth equity investor, to lead an $8 million Series A funding round in May 2017, giving Solovis the capital needed to accelerate growth and solidify its leadership position.
"Our growth this past year demonstrates that the institutional investment industry is embracing new technology and looking for more effective reporting and analytics tools," said Josh Smith, CEO and co-founder of Solovis. "Our ability to aggregate, model and analyze multi-asset class portfolios at a strategic level is unique in the industry and fills a big gap for limited partners. That market need is fueling our growth. We are committed to delivering innovative technology that transforms how our clients operate – giving them faster, more accurate and more comprehensive insights to enable better investment decisions."
Solovis is a multi-asset class portfolio management and reporting solution for foundations, endowments, pensions, OCIOs, and family offices. Designed and built for open architecture asset management, Solovis is a flexible, robust technology platform that enables detailed analysis and dynamic data modeling across multiple portfolios and pools of capital for actionable, transparent insights that empower investors from the front to back office. Visit www.solovis.com for more information.