PerTrac is a provider of hedge fund analysis software and workflow technology whereas Fundspire is a cloud-based technology provider to hedge fund analytics.
Following completion of deal, the acquirer will serve over 2,500 clients in investment industry, such as traditional and alternative money managers, consultants and financial advisors, sovereign wealth funds, banks and brokerages, among others.
eVestment co-founder and CEO Jim Minnick said trend for a more hybrid model of investing, where alternative and traditional investments stand on equal footing, has been increasing over the past several years.
"The united company allows us to broaden our footprint in this increasingly combined and singular marketplace, while maintaining our commitments to provide market-leading software and data solutions to both the traditional and alternative investment communities around the world with outstanding client service," Minnick added.
Established in 2000, eVestment offers a flexible suite of cloud-based systems to help investors and asset managers worldwide to market their funds and assist clients to identify and capitalize on global investment trends.
