Investment Metrics, which offers analytics, reporting, data, and benchmarking solutions for the institutional investment market, has acquired Style Analytics.

Financial terms of the transaction were not revealed.

London and Boston-based Style Analytics is a cloud-based SaaS platform, which provides Investment Factor and ESG Exposure analysis for the institutional investment companies globally.

The deal will enable Investment Metrics to bolster its global footprint and allow it to expand its portfolio analytics solutions to better serve investment consultants, asset managers, and owners.

According to the company, the combined entity will set the new industry standard for performance and attribution analysis, peer benchmarking, and straight-through reporting across institutional asset pools.

Speaking on the deal, Investment Metrics CEO Brent Burns said: “We are excited to welcome the world-class Style Analytics’ team with their deep domain expertise and strong industry relationships to Investment Metrics.

“Both companies share the same approach: we serve our clients by simplifying complex challenges associated with investment decisions, and together we will bring meaningful benefits on a global scale to our collective clients, partners, and other industry stakeholders.”

Style Analytics CEO Sebastien Roussotte added: “We are excited to join Investment Metrics given its commitment to innovation within the institutional investment market and given the nature of our complementary solutions, client segments, and geographies.”

Investment Metrics is backed by software-focused equity firm Resurgens Technology Partners, and HarbourVest Partners.

Style Analytics was a portfolio company of London-based Horizon Capital, which invests in high-growth technology and business services companies.

In 2019, JPMorgan struck a partnership with software firm StatPro Group to offer a multi-asset portfolio analytics solution for asset managers.