BIG DATA MANAGEMENT
Eccovia | July 26, 2022
Eccovia, a leading provider of cloud-based SaaS solutions for the health and human services sector, announces the release of an unprecedented data warehouse and community-analytics platform, ClientInsight. ClientInsight is hosted in Microsoft Azure and is a premier solution for data quality, performance, and actionable insights.
Since the COVID-19 pandemic began, our nation’s most vulnerable populations have faced adverse outcomes to their social determinants of health. In addition to a new pathogen in the public, domestic violence increased, as did homelessness. Data availability became a national topic of conversation as COVID-19 case counts rose, and there was never a greater need for increased access to timely data in the realm of social services. We now know the result of data that is incomplete, siloed, or “stale.” Data has to be available when needed, and the inequities in data availability were highlighted by the pandemic, as were the needs to address systemic issues in care coordination.
With the launch of ClientInsight, social-services dashboards and data from across communities can integrate into a single source of truth, leading to a more holistic approach to addressing the needs of vulnerable populations, true coordinated entry, and effective care coordination.
”ClientInsight is really the first-ever platform that will be able to help tie organizational data, collected every single day, to outcomes and progress that providers hope and expect to see. This is a true gamechanger that will allow community providers to set and meet more ambitious goals in their respective fights to end society’s most pressing issues.”
CEO, Carl Champagne
Data-privacy laws require secure access points to client data, yet networks that serve multiple populations must be able to share this data between organizations for care coordination. ClientInsight closes the gap between data privacy and care coordination, allowing providers to serve their clients' needs with a more knowledgeable, integrated level of care.
Eccovia provides industry-leading software platforms for case management and community care coordination for state agencies, community-based providers, and other human-service entities. The platforms help caseworkers and care providers collaborate across physical, behavioral, economic, and social determining factors that impact individual and community health outcomes.
BUSINESS INTELLIGENCE,BIG DATA MANAGEMENT,DATA SCIENCE
ACA Group | September 26, 2022
ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, today announced that it has acquired Ethos ESG (Ethos), a provider of environmental, social, and governance (ESG) ratings data and software for financial advisors, asset managers, institutions, and investors.
This acquisition marks ACA’s first analytics offering, which will be paired with ACA’s ESG experts to form an integrated tech and advisory offering under the ESG Advisory practice. ACA’s existing ESG Advisory practice supports with a range of programmatic needs for firms that integrate ESG into their business or investment activities. This currently includes advice and implementation support around strategy, policies/procedures, regulations and frameworks, training, and external reporting, among other areas. With Ethos, ACA’s clients will now also be able to easily analyze investments and automate several elements of ESG reporting.
Founded in 2019, Ethos offers an interactive platform that allows for the evaluation of over 350,000 impact ratings including companies, stocks, and funds through a prism of 45 ESG causes such as climate change, racial justice, mental health and more. Providing full transparency into how each impact score is calculated and the ability to upload portfolios and create models, Ethos allows for GRC professionals to understand the ESG characteristics of their investments and make responsible decisions that align with their firm's values and ESG commitments.
Ethos uses a proprietary set of approximately 100 underlying databases to generate its ratings. These databases provide a unique impact view of ratings, as well as provide insight into key metrics where available. The databases are fully transparent, so clients can see which underlying database source for each data point. Ethos also has capabilities developed to quickly scrape the public domain for material publicly available information to include in the ratings. These state-of-the-art capabilities allow Ethos to quickly add company coverage to help clients achieve full coverage of their investment portfolio.
Ethos has invested in innovation through the recent launch of its Impact Calculator, an embeddable widget that takes a dollar amount and immediately calculates the real-world equivalent impact of investing that amount in a specific fund or other product, compared to a benchmark.
Additionally, Ethos recently introduced its Carbon Neutral Certification program for mutual funds and ETFs, developed in conjunction with Change Finance. Through the certification, Ethos performs an independent analysis of a funds carbon footprint (covering Scope 1 and Scope 2 emission) and carbon credits (offsets) to verify whether the fund is carbon neutral during a specified period.
“This is an exciting step in helping to grow our presence in the ESG space and is ACA Group’s first foray into analytics as a service,” said Shvetank Shah, CEO of ACA Group. “We are invigorated to be building out and launching our data capabilities, starting with Ethos ESG. Combining data with our scalable solutions will continue to empower our clients to reimagine GRC and protect and grow their business.”
“We are thrilled to partner with ACA Group, as their brand and reach in the GRC space is well-known. “Not only is taking into consideration the ESG impact of your decisions right on its merits, but greater transparency into ESG issues helps firms mitigate risk and make informed choices while growing sustainably.”
Luke Wilcox, Founder and CEO of Ethos ESG
“This pairing will help us to leverage data in a new way to help firms of all sizes develop and monitor their ESG programs to mitigate risk, make informed choices, combat greenwashing, and grow profitably and sustainably in the process. Access to high-quality, transparent ESG data is an essential part of any ESG endeavor, and our partnership with Ethos will allow us to build and protect our clients’ ESG strategies in ways few others can,” said Dan Mistler, Head of ESG Advisory at ACA Group.
About ACA Group
ACA Group (ACA) is the leading governance, risk, and compliance (GRC) advisor in financial services. We empower our clients to reimagine GRC and protect and grow their business. Our innovative approach integrates advisory, managed services, distribution solutions, and analytics with our ComplianceAlpha® technology platform with the specialized expertise of former regulators and practitioners and our deep understanding of the global regulatory landscape.
About Ethos ESG
Founded in 2019, Ethos ESG provides data and analytics for financial advisors, asset managers, institutions, and investors. With over 350,000 impact ratings of stocks and funds across 45 causes, Ethos ESG helps firms offer robust impact reporting, monitor and address sustainability risks, and enhance quantitative research and modelling with transparent ESG data.
BIG DATA MANAGEMENT
Dynamo Software | August 02, 2022
Dynamo Software, Inc., a market-leading provider of end-to-end cloud software solutions for the alternative investment management industry, announced today its acquisition of Smonik Systems, a leader in data management. Smonik provides cutting-edge software that closes the gap for Limited Partners (LPs) to process both structured and unstructured data. Dynamo will enhance its world-class platform with Smonik’s automated products for data collection, extraction, validation, and reconciliation.
“As the financial markets undergo further stress, Dynamo has calibrated its business to provide robust, best-in-class software for alternative asset managers and institutional investors. “At Dynamo, we have built our stack to do the heavy lifting – removing several repetitive and manual processes with configurable dashboards, workflows, and reports. Augmenting our business with Smonik’s proprietary data management and reconciliation software will further fuel our mission of being the leading global, end-to-end software platform for the alternative investments ecosystem. We are excited to welcome their impressive team to the Dynamo family.”
Dynamo’s CEO Hank Boughner
The Smonik acquisition, combined with the Dynamo Data Automation (DDA) software, underscores Dynamo’s steadfast commitment to focus on removing labor-intensive processes, especially those around data extraction and validation. Endowments, foundations, pensions, family offices, and funds of funds (FOF), will benefit from Smonik’s ability to reduce or completely eliminate manual data entry and processing. For example, with Smonik’s software, LPs can automate the collection and extraction of data for all investment types – including alternatives – while also adopting a data-agnostic approach to reconcile any two data sets.
“Ultimately, the combined power of Dynamo and Smonik is unprecedented,” said Sethu Bijumalla, CEO and Co-Founder of Smonik Systems. “By joining Dynamo, a company backed by Blackstone and Francisco Partners, we are excited by the additional resources and support to further extend Smonik’s value to private investment clients. Additionally, our two companies are built on a culture of excellence, with seasoned professionals who are fueling high-growth, innovative software that simultaneously empowers clients to increase efficiency, reduce cost, and minimize operational risk.”
“This is truly a win-win for both Dynamo and Smonik’s current and prospective clients,” added Stephen Hixon, principal and co-owner of Smonik. “Dynamo is leading this industry’s race in delivering compelling end-to-end software, and now, with Smonik, the company is further cementing its leadership in data automation for LPs. We are proud to be a part of the next chapter in Dynamo’s story.”
Both Dynamo and Smonik are headquartered in the Boston, MA area, allowing the operations, sales, marketing, and product innovation teams to work closely together to ensure a seamless integration.
About Smonik Systems, LLC.
Smonik Systems, now a Dynamo brand, provides data management and reconciliation services to the financial services industry. Using its extensive background in investment operations, Smonik prides itself in developing tools to automate back-office manual processes. The proprietary, best-in-class software delivered by Smonik focuses on automating the entire data management workflow. This includes the collection, extraction, transformation, reconciliation, and integration of both structured and unstructured data.
About Dynamo Software, Inc.
Dynamo Software’s mission is to be the leading global, end-to-end cloud software platform for the alternatives ecosystem, serving the information sharing and analytical data needs of our constituents. Since 1998, the company has been providing industry-tailored, highly-configurable investment management, reporting, and data management cloud software solutions to the global alternative investment industry. Dynamo’s cloud-based solutions serve the private investment landscape including private equity and venture capital funds, real estate investment firms, infrastructure, hedge funds, endowments, pensions, foundations, prime brokers, funds of funds, family offices, and fund administrators. The Dynamo™ platform has improved productivity across the alternatives ecosystem, including CRM, fundraising, deal management, research management, investor servicing, portfolio management, and compliance teams worldwide. Dynamo has a global footprint with operations across North America, EMEA, and APAC.
BUSINESS INTELLIGENCE,BIG DATA MANAGEMENT,DATA SCIENCE
Syniti | September 01, 2022
Syniti, a global leader in enterprise data management, announced today a new partnership with TD SYNNEX, a global IT distributor and solutions aggregator formed through the merger of Tech Data and Synnex. This partnership will provide enterprises with new access to Syniti's award-winning data management solutions. The first solution available through this new partnership is Syniti Replicate, a data replication software with change data capture that enables the timely, relevant data enterprises need to make critical business decisions and support transformative experiences.
Having accurate, decision-relevant information available quickly is crucial for many tasks in enterprises of all sizes, whether that's running high-speed analytics or supporting business intelligence applications. With Syniti Replicate, enterprises can:
Deliver fresh data to analytics and decision makers to get immediate insights
Reduce stress on production systems enabling improved overall system performance
Migrate data away from difficult to access legacy systems meaning users can access data faster
Democratize data across the entire organization with the consolidation of data from numerous sources into a central data lake
With a user-friendly, wizard-based graphic interface, configuration is faster and easier which means businesses can more quickly deploy and may see immediate benefits. Syniti Replicate requires no coding, stored procedures or proprietary syntax to set up, which lessens the burden on internal IT teams. The software has extensive security including user and certificate authentication and supports dozens of relational databases as sources and targets, including Amazon, Oracle, SAP and Snowflake, with no additional programming.
"We chose to partner with TD SYNNEX for their ability to support the growth and expansion of Syniti's direct solutions, including Syniti Replicate. More organizations can now benefit from our world-class replication engine, getting the real-time data they need to make critical business decisions and create differentiated experiences."
Brian Haering, Vice President, Direct Solutions, Syniti
Cheryl Neal, Vice President, Vendor Acquisition and Global Solutions, TD SYNNEX, said, "TD SYNNEX is committed to uniting IT solutions that deliver business outcomes today and unlock growth for the future. With Syniti added to our portfolio of vendor partners and providing our first data replication software capability, we're able to enrich the breadth and depth of our offerings so customers can realize business outcomes faster with their data.
Syniti Replicate is available as a standalone solution or included as a component of the Syniti Knowledge Platform.
Syniti solves the world's most complex data challenges by uniquely combining intelligent, AI-driven software and vast data expertise to yield certain and superior business outcomes. For over 25 years, Syniti has partnered with the Fortune 2000 to unlock valuable insights that ignite growth, reduce risk and increase their competitive advantage. Syniti's silo-free enterprise data management platform supports data migration, data quality, data replication, master data management, analytics, data governance, and data strategy in a single, unified solution. Syniti is a portfolio company of private equity firm Bridge Growth Partners LLC. Read more at www.Syniti.com.
About TD SYNNEX
TD SYNNEX is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX' 22,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem.