Geoff and I are thrilled and excited to share with you an exciting announcement about the future phase of growth for ALPIMA.
For the last seven years, the team from ALPIMA has been working tirelessly in the buildout of a singular interface to help investment professionals in the design, development, and personalisation of their investments strategies. They have also successfully onboarded leading global institutions in the asset and wealth management industry as clients.
As we look to accelerate market adoption of our solutions, we felt a need to focus on strategic partnerships. We are happy to report that we have found the ideal partner to pursue our next phase of growth. This brings us closer to the vision of our dear founder, Pierre Mendelsohn: bring speed, clarity, and conviction to next-generation investment professionals around the world.
Today, we are very pleased to announce that ALPIMA was acquired by Quantifeed. This union creates a platform with two businesses that are highly complementary in terms of the geographies in which they operate, products they offer, and end-markets and customer segments they serve.
Quantifeed is a well-established and similarly minded fintech that operates in the wealthtech space. It is headquartered in Asia with a strong team of about 100 employees distributed throughout Hong Kong, Singapore, Australia, India, and Japan.
Quantifeed and ALPIMA complement each other and create a stronger platform. The new entity will see a robust and talented team distributed across the regions we operate and a strong client base with leading institutions across Asia, EMEA and the Americas.
The combined platform has a strategic and experienced investor base who are providing growth capital to accelerate market adoption globally, including Franklin Templeton, HSBC Asset Management, and Fidelity International Strategic Ventures.
In closing, we thank all our customers and partners for the support and trust over the last seven years. We are fully cognisant that we would not be here without you and look forward to serving you better during this new phase of growth.
Sincerely,