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Ipreo acquires ClearMomentum

Ipreo has acquired ClearMomentum, a provider of portfolio monitoring applications to alternative asset investors and their limited partners.  

Since introducing the industry’s flagship portfolio monitoring application, ClearFinancials, in 2005, ClearMomentum has played an integral role in the transition to greater transparency and data integrity in the alternative asset market. ClearMomentum collects full financial statements from private companies and automatically maps, validates and structures the data to a common chart of accounts, enabling private equity and venture capital clients to monitor and report on their portfolios accurately and efficiently. The firm’s clients represent some of the most respected names in venture capital and private equity. 
The acquisition of ClearMomentum represents the first expansion of Ipreo’s Alternative Assets vertical, which was created in November 2014 through the acquisition of Shareholder InSite, whose marquee products, Qval and CapControls, are the industry standards for the administrative, deal modeling, and valuation needs for hundreds of the country’s largest GPs and their portfolio companies.  
"Ipreo’s entire business is centered around creating workflow efficiencies for our clients. We entered the Alternative Assets space because we have long seen a need for automated and integrated solutions for the PE and VC communities, who are under increasing pressure from auditors, regulators and other stakeholders around portfolio management and reporting," says Kevin Marcus, President and COO of Ipreo. “Adding the strength of ClearMomentum’s portfolio monitoring platform to the Shareholder InSite valuation solutions enables us to provide more holistic workflow solutions to Alternative Assets clients." 
"ClearMomentum and Shareholder InSite offerings are highly complementary, and clients of both firms have strongly indicated that the combination of SI and CM would be a powerful and valuable integrated offering," says Joe Maxwell, former CEO of Shareholder InSite, now EVP and Managing Director of Alternative Assets at Ipreo. "To that end, we are committed to bringing an integrated solution to market.”  

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