Sameer Shalaby, President and CEO at Hazeltree

Hazeltree, a New York-based provider of treasury management and portfolio finance solutions, has acquired ENSO Financial Analytics, a portfolio analytics provider. Financial terms of the transaction have not been disclosed.

IHS Markit, London-based global information, analytics, and solutions provider, participated in the investment, alongside existing investors.

As a part of the acquisition, ENSO’s brokerage, asset management, technology, and data specialists will be integrated with Hazeltree’s team to focus on customer support and product innovation, according to a statement.

“…our combined talents in the treasury, portfolio finance, data, and technology will offer unparalleled expertise and support to investment managers, empowering them with greater data insights, better transparency, improved workflows, and efficient execution to capture unrealized value,” Sameer Shalaby, President and Chief Executive Officer of Hazeltree said.

“This combination will create significant synergies for our global client base,” Paul Busby, Global Head of ENSO added.

Hazeltree’s cloud-based solution assists asset managers and alternative investment firms in managing their treasury operations, portfolio finance and capital activity management. The assistance further helps the firms unlock additional value, improve operational efficiency, boost internal controls and managing counterparty risk.

Hazeltree is a treasury management solution provider to hedge funds, private markets, asset managers, fund administrators, insurance companies, pension funds, and corporates. Its solutions cover cash management, securities financing, collateral management, counterparty management, and margin management capabilities.

ENSO, previously owned by CME Group Inc, is a hedge fund service provider offering clients business insights to become competitive while strengthening their broker relationships. Its data-driven tools improve risk, operational, and transactional efficiencies, allowing hedge funds and asset managers to optimize structural and variable costs.

by Sheeba Bhagat Dawar
Market Analyst at IBS Intelligence