Analytics firms Burgiss Group and Caissa have agreed to merge, the companies announced in a news release. Terms of the deal were not disclosed.
Caissa provides portfolio analytics software to institutional investors representing more than $1.7 trillion in assets. Burgiss is a data and analytics company that provides private asset transparency and performance benchmark tools to more than 1,000 firms in 36 countries.
Together, the combined firm will be headquartered in Hoboken, N.J., and have more than 450 employees.
“Both firms have their roots in helping investors make better investment decisions. Burgiss has an unrivaled presence and reputation in private capital data and analytics, while the Caissa platform serves as the foundational technology for investors across all asset classes,” said David Hsu, co-founder and CEO of Caissa, in the release. “With our combined operational scale, we’re now able to deliver value to a wider audience much more quickly.”
In January 2020, index provider and analytics firm MSCI announced it invested $190 million for a minority interest in Burgiss.
MSCI Chairman and CEO Henry Fernandez said in the release that this merger would enable both firms to “achieve tremendous scalability and drive greater innovation of differentiated tools and solutions across the global private assets industry.”
“Through its representation on the Burgiss Board, MSCI looks forward to working closely together with Burgiss and Caissa to help them achieve their strategic objectives,” Mr. Fernandez added.
Burgiss spokeswoman Kim Adamo could not be immediately reached for additional information.