Global software provider Enfusion nets $150 million at a $1.5 billion valuation - Business Insider

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Investor interest in Enfusion and its customer growth are likely fueled by asset managers' interest in third-party solutions to alleviate margin pressures.

Moreover, third-party solutions present an opportunity to harness emerging technologies, such as AI, to support growth strategies with data-powered insights that demystify newer strategies, such as portfolios, which require alternative data to measure the nascent criteria. This likely endeared Enfusion to investors, as its integrated solution enables clients to both tackle cost pressures by outsourcing core processes and harnessing data sets to derive insights and exploit growth areas.

Asset managers are increasingly seeking end-to-end solutions—rather than individual vendor solutions—to feed digital transformation, a trend that will continue throughout 2021. Software vendors of that provide one comprehensive system of services across the entire investment lifecycle have grown their client bases rapidly in recent years.

Integrated solutions enable asset managers to break down information silos—which can develop when working with different vendors and multiple solutions—and connect their wealth of data sources across their various business units. The trend of front-to-back solutions has powered the rapid growth of BlackRock's

 

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