ANNOUNCEMENT

FactSet Announces Acquisition of Cobalt Software, Inc.

News

Cobalt Announces Strategic Partnership with it|venture

October 19, 2020

Partnership Announcement

Cobalt Software, Inc. (“Cobalt”), a leading portfolio monitoring solution for the private capital industry, today announced that it has entered into a strategic partnership with IT-Venture LTD. (“it|venture”), a highly specialized IT advisory service to the alternative asset industry. With the initiative, Cobalt and it|venture will deliver cutting-edge technology solutions and professional implementation and integration services to private capital firms globally.

it|venture helps private capital firms develop intuitive business intelligence solutions to support efficient decision making and client reporting. Cobalt’s portfolio monitoring platform enables the same clientele to efficiently collect, analyze and report on fund and portfolio company performance data and KPIs.

“We are delighted to partner with it|venture, a leader in the IT implementation and advisory space, particularly in the EMEA region,”  said Jason Weinstein, CEO at Cobalt. “As the Cobalt business continues to expand on a global scale, partnering with trusted, household names like it|venture is a clear win for us. More importantly, it will enable our joint clients to achieve greater synergies through our complementary offerings.”

“Cobalt’s portfolio monitoring platform, nimble product development and smart client service approach are clear matches for us, as we work to address both project and ‘business-as-usual’ challenges for our respective clients,” said  Bertie Heyman, Founder and CEO at it|venture. “We are extremely happy to be partnering with Cobalt to deliver even greater value to our clients, together.”

For more information about the partnership between Cobalt and it|venture, please contact: info@cobaltgp.com.

About Cobalt

Cobalt is private capital’s key to collecting, analyzing, and reporting on fund and portfolio company financial metrics. Private equity and venture capital funds use our intuitive portfolio monitoring platform to gain critical operational efficiencies, address increasingly complex LP and management demands, and, ultimately, competitively position their firm. Based on our clients’ firm size and investment style, we tailor our suite of solutions to match our clients’ portfolio monitoring, cash flow analytics, and benchmarking analysis needs. We also place a premium on client service, so our team is available to our clients to grow smart solutions the way they need. For more information, please visit www.cobalt.pe.

About it|venture

it|venture is a specialist consultancy providing hands-on technical services to the alternative investment industry. We equip our clients with cutting edge solutions to both project and “business as usual” workflows, with a particular focus on the data-led challenges our clients face. it|venture serves an ever-growing list of clients globally, with flexible consultancy packages and industry-unique tools including our Connect Platform, designed to unlock the value of your data and maximize efficiency.  We have strategic alliances with major vendors in the industry providing a deep technical knowledge across the marketplace. For more information, please visit https://www.itventure.com.