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Linedata acquires Gravitas

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Linedata, a solutions provider to the investment management and credit industries, is to acquire Gravitas Technology Services, a provider of middle office and technology services to the hedge fund industry.

Gravitas is based mainly in New York and Mumbai.
  
Gravitas provides its services using a technology platform that integrates proprietary and third-party tools. Through outsourcing, its customers access services based on a variable, shared cost model.
 
With over 80 staff in the US and 180 in India, Gravitas supports over 80 asset managers of all sizes in North America.
 
In 2016, the company achieved revenues of USD26.5 million.
  
By combining its software platforms with Gravitas’ outsourced services, Linedata will offer high-value services tailored to its customers' requirements and business models. Gravitas will leverage Linedata’s global presence to distribute its services worldwide.
 
Linedata founder and CEO Anvaraly Jiva says: "We are delighted to welcome Gravitas’ clients and employees into Linedata. Gravitas’ award-winning outsourcing services, combined with our technology platform, will enable us to accelerate our ambitious and innovative Linedata 2018 growth stratgey."
 
Gravitas founder and CEO Jayesh Punater (pictured) adds: "Linedata's technologies and global reach will bring us genuine and unique abilities to extend and improve our range of services."

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