eVestment, a specialist in institutional investor data and analytics, has acquired RedQuarry, the provider of a cloud-based investment research management solution.
RedQuarry was founded in 2014 by Chris Tinsley and Jared Potter. Tinsley, Potter, co-CEO Patrick Adrian and the rest of the firm’s staff will join eVestment operating out of their current Tacoma office. The team’s unique blend of investment consulting and software development experience positions it to continue building innovative solutions specifically tailored for the institutional investment community.
RedQuarry’s proprietary software, which will be rebranded as eVestment Research Management, equips clients with tools to manage their investment research process more efficiently by providing: an easy-to-use platform for firms to store and organise their research, documents, notes and artifacts; tools that allow users to easily collaborate and share their research, analysis and reports; and the ability to integrate data sources that are critical to the manager research process.
“eVestment is the backbone of institutional investor and consultant research,” says eVestment COO Gene Luciani (pictured). “Investors, consultants and other industry professionals spend countless hours identifying trends and opportunities to make the best possible investment allocations and recommendations. However, as the volume of data has increased, organising, reviewing and sharing research, opinions and analysis have become increasingly difficult. With this acquisition, we now have an exciting solution to help our clients overcome these challenges.”
“eVestment is an industry leader in the institutional investment community,” says RedQuarry co-founder Tinsley. “The opportunity to join such a great company and combine our research management platform with eVestment’s data and analytics will be a tremendous benefit to our clients.”
