We are very pleased to welcome PerTrac and Fundspire into the eVestment family – and very excited about the expanded organizational expertise, scale and capabilities these deals will provide for our clients. Over the past several years, we have seen increasing movement towards a more hybrid model of investing, where alternative and traditional investments stand on equal footing. The combined company allows us to broaden our footprint in this increasingly combined and singular marketplace, while maintaining our commitments to provide the worldwide traditional and alternative investment communities with market-leading software, global data solutions, and outstanding client service.
Many have asked, why now? From our vantage point, we are clearly in the middle of markets that are converging. The traditional lines of investing are blurring — allocations to alternatives and hedge funds are up significantly and will continue to rise going forward. This has created more pressure on our clients who are being asked for deeper analysis across all asset classes. Indeed, the world is no longer divided by traditional or alternative, software or data, web-based or desktop, domestic or global. Clients are looking for a provider that can meet their needs from every angle. With the traditional data we already offer joined by the capabilities from PerTrac and Fundspire, we are in a unique position to deliver on all these fronts. This newly expanded eVestment now serves over 2,500 clients worldwide and has over 250 associates with deep knowledge and expertise across alternatives and traditional markets in both the domestic and the global landscapes.
We are looking forward to tremendous success going forward. Thank you to all of our clients for supporting us on this path of exciting growth. We truly value your business and are looking forward to bringing you the exciting new technologies afforded by this combination, backed by the same outstanding level of service you have come to expect. Thank you to all our partners and associates as well — we could not have gotten to where we are today without you. Keep up the great work!