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Juniper Square to Acquire Forstone Luxembourg to Expand Global Fund Administration Footprint

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SAN FRANCISCO, Oct. 16, 2024 /PRNewswire/ — Juniper Square, the leading provider of innovative fund software and administration solutions for the private markets, today announced a definitive agreement to acquire Forstone Luxembourg, a division of Forstone Group, to expand its global fund administration and fund services footprint. The transaction is subject to customary regulatory approvals.

Founded in 2021, Forstone Luxembourg provides fund administration, transfer agency, and other fund services in Luxembourg. The strategic acquisition of Forstone Luxembourg brings additional expertise and an established presence in the European market, which reinforces Juniper Square’s commitment to providing a global and comprehensive suite of services to its clients, enabling them to navigate the complexities of cross-border operations with greater ease and efficiency.

Alex Robinson, CEO and Co-founder of Juniper Square commented, “This acquisition stems from the approach we’ve taken since day one: working closely with our customers to deeply understand their needs and finding new, innovative ways to support them. Our global expansion efforts, which began earlier this year in India, are further strengthened with this acquisition. We’re thrilled to welcome the Forstone Luxembourg team to Juniper Square and bring their deep knowledge and expertise on the Luxembourg market to our clients.” Robinson added, “As we got to know Forstone Luxembourg, it became clear that they share our values, passion, and vision for transforming the private markets, and we’re excited to welcome them to the Juniper Square family.”

Arnaud Brive, Co-founder and Managing Partner of Forstone Luxembourg said, “Juniper Square is making a tremendous impact in the private markets, and their innovative approach sets them apart in the industry. We’re excited to join forces and are confident that together, we will achieve great things.”

Christine Egbert, General Manager for Fund Administration at Juniper Square, who will oversee integrating Forstone Luxembourg’s team, existing client base, and technology stack into the Juniper Square environment, commented, “I joined Juniper Square to help scale a world-class service organization that delivers a truly modern solution to its clients. With the acquisition of Forstone Luxembourg, we can now offer Luxembourg-based administration services to our customers, an important milestone for our company.”

The transition is subject to final regulatory approval, following which Forstone Luxembourg will operate as Juniper Square Luxembourg. The Forstone Group will continue to execute its strategy to service the Luxembourg market by leveraging its expertise in the private markets and real estate sector through core services such as traditional bookkeeping and consulting.

Juniper Square is the leading provider of innovative fund software and administration solutions for the private markets, helping GPs and LPs seamlessly connect and communicate across every stage of the investment lifecycle. From fundraising and onboarding to investor management and fund administration, Juniper Square empowers investment managers to accelerate fundraising, scale operations efficiently, and improve investor satisfaction. With over 2,000 GPs relying on its platform to manage more than 38,000 investment entities, 600,000 LP accounts, and $1 trillion in investor equity, Juniper Square continues to invest in cutting-edge technology. The firm’s focus on mastering data management and leveraging modern solutions delivers a compelling and seamless experience for both fund managers and their LPs. Learn more at https://www.junipersquare.com/.

Juniper Square has signed a definitive agreement to acquire Forstone Luxembourg, a division of Forstone Group.

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Precisely Celebrates Customer Achievements with Precisely Data Integrity Awards

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BMW Group, Chamberlain Group, FERC, Generali Real Estate, and NZ Super Fund Honored at Trust ’24

BURLINGTON, Mass., Oct. 16, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced the winners of the inaugural Precisely Data Integrity Awards at Trust ’24, the company’s annual Data Integrity Summit. The award ceremony took place at Drexel University’s LeBow College of Business in Philadelphia on October 8, with recipients from around the world recognized for their outstanding achievements in AI Impact, Business Impact, and Societal Impact categories, using Precisely software, data, and services.

 

 

The Data Integrity Awards recognize Precisely customers who have achieved excellence in data integrity through innovative use cases and demonstrated results. The winners include:

  • BMW Group: World-leading premium manufacturer of cars and motorcycles uses the Precisely Data Integrity Suite to seamlessly connect its extensive mainframe environment to modern cloud technologies and platforms such as Kafka. Achieving outstanding performance and near real-time replication for automating data pipelines to support over 600 applications, BMW is modernizing its mainframe systems while maintaining operational integrity.
  • Chamberlain Group: Global leader in intelligent access uses Precisely Automate solutions to simplify and govern its SAP workflows, querying real-time information for data validation. The company experienced an 87% improvement in time savings, resulting in greater productivity and generating noteworthy benefits for its customer care team.
  • FERC (Federal Energy Regulatory Commission): This independent US agency uses the Precisely Data Integrity Suite to centralize and automate data cataloging and stewardship, replacing their legacy system with modern tools that streamline asset registration and governance processes. FERC has significantly reduced time and resources for maintaining the catalog, while enhancing data stewardship and improving data-driven decision-making across the commission.
  • Generali Real Estate – City Forward: One of the first real estate asset managers to establish a dedicated AI and machine learning innovation division uses high-integrity enrichment data from Precisely to train their models, reduce bias, and deliver more contextually relevant results for its City Forward® platform. This enables the business to make smarter decisions powered by highly accurate AI-driven insights, disrupting the traditional decision-making processes that inform investment strategies.
  • New Zealand Superannuation Fund (NZ Super Fund): New Zealand’s sovereign wealth fund is using the Precisely Data Integrity Suite to enable users to find, understand, and access their data. The organization has empowered their investment analysts and teams with trusted data to make more confident business decisions.

“We are incredibly proud to honor these exceptional organizations for the impressive achievements they have accomplished on their journey to data integrity,” said Kevin Ruane, CMO at Precisely. “As our first-ever Data Integrity Awards it was exciting to see the enthusiasm and passion from Precisely customers around the globe. Each company has a unique data story to tell, and it was truly a pleasure to recognize and celebrate with our customers at Trust ’24.”

About Precisely

As a global leader in data integrity, Precisely ensures that your data is accurate, consistent, and contextual. Our portfolio, including the Precisely Data Integrity Suite, helps integrate your data, improve data quality, govern data usage, geocode and analyze location data, and enrich with complementary datasets for confident business decisions. Over 12,000 organizations in more than 100 countries, including 93 of the Fortune 100, trust Precisely software, data, and strategy services to power AI, automation, and analytics initiatives. Learn more at www.precisely.com.

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Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 93 of the Fortune 100.

 

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du partners with Cognizant to elevate digital Telecommunications excellence

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The collaboration will integrate Cognizant’s advanced solutions to enhance du’s service quality and customer satisfaction, ushering in a new era of digital innovation in the telco industry.

TEANECK, N.J., Oct. 16, 2024 /PRNewswire/ — Cognizant (NASDAQ: CTSH) and du, the leading telecom and digital services provider, today announced a five-year strategic relationship aimed at accelerating du’s digital transformation. The collaboration is focused on enhancing du’s internal capabilities to ensure the company remains at the forefront of the rapidly evolving telecommunications landscape.

du is committed to delivering more agile and efficient services, aligning with the UAE’s ambitious innovation and growth objectives. Cognizant will provide du with comprehensive quality engineering and assurance, release management, automation services, and governance for Business Support Systems, Operational Support Systems, and Enterprise Support Systems, digital, data, and integration areas.  Additionally, Cognizant will support du’s strategic initiatives with enterprise architecture and high-level solution design, aiming to ensure enhanced quality, and reduced time to market. This collaboration with Cognizant will empower du to elevate its service quality and provide tailored digital experiences that meet the diverse needs of its clients.

“By strengthening our internal capabilities through our relationship with Cognizant, we are ensuring that du is well-positioned to meet future demands, drive innovation, and provide world-class services to our clients,” said Fahad Al Hassawi, CEO at du. “This collaboration reflects our commitment to delivering impactful, forward-thinking solutions that improve the lives of the communities we serve.”

“We are proud to collaborate with du as they embark on their digital transformation journey,” added Maged Wassim, Head of Cognizant Middle East. “By leveraging our expertise in quality engineering, we aim to elevate du’s innovative spirit and optimize their operations, empowering them to deliver exceptional client experiences that set new benchmarks in the telecommunications sector across the Middle East.”

About du

du adds life to life with a comprehensive portfolio of mobile, fixed, broadband, entertainment services, and fintech solutions. Through a digital-first approach powered by ultra-reliable fiber and 5G technology, du delivers bespoke solutions leveraging cloud computing, AI-driven analytics, advanced cybersecurity, and IoT integration. As a trusted digital telco enabler spearheading the UAE’s digital transformation, we collaborate with a dynamic partner ecosystem to propel industries and society toward operational excellence, shaping a more connected and digitally advanced future across the region. 

About Cognizant 

Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @Cognizant.

For more information, contact: 

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CoinDesk bolsters information services offering with strategic acquisition of CCData and CryptoCompare

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NEW YORK and LONDON, Oct. 16, 2024 /PRNewswire/ — CoinDesk, one of the most trusted media, events, indices, and data companies for the global crypto economy, today announced that it has acquired CCData, a U.K. FCA-regulated benchmark administrator and one of the leading providers of digital asset data and index solutions, including its trusted retail site, CryptoCompare, which serves over 300,000 active users. The acquisition significantly scales CoinDesk’s information services and data products, while offering enhanced cross-sell opportunities to CCData and CryptoCompare’s extensive number of institutional and retail clients.

For over a decade, CCData has been providing its institutional-grade data solutions, digital asset index suite, and award-winning research to government, institutional, and retail clients navigating the digital asset ecosystem. The acquisition of CCData’s robust data platform and retail platform CryptoCompare further strengthens CoinDesk’s data offerings, immediately increases subscription revenues, and complements the existing suite of solutions offered by CoinDesk Indices and CoinDesk Media.

“Over the past ten years, CCData has become one of the most respected and reliable data platforms for digital assets, earning the trust of numerous users seeking to understand and leverage their potential,” said Sara Stratoberdha, CoinDesk CEO. “We are thrilled to begin integrating CCData’s high-quality, robust, and trusted data platform and retail suite across CoinDesk’s existing products and services to unlock greater opportunities for our customers.”

“We are incredibly excited to join forces with CoinDesk as we embark on the next chapter of CCData’s journey,” said Charles Hayter, CEO and Co-Founder of CCData. “CoinDesk is an integral pillar of the digital asset sector, from its award-winning journalism to flourishing index business. I am deeply proud of what CCData and CryptoCompare have accomplished over the past decade, and with CoinDesk as our partner, I’m confident that we will continue to build a legacy that supports and empowers our clients and the broader crypto industry.”

CoinDesk business update

Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally with tens of billions of dollars in benchmarked assets. Flagships such as the CoinDesk Bitcoin Price Index (XBX) and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. Since launching in January 2024, the CoinDesk 20 perpetual futures contract has attracted substantial institutional interest, driving a trading volume of over $8 billion.

CoinDesk Media provides news, analysis and real-time insights on digital assets and blockchain technology and holds large-scale conferences for industry professionals. CoinDesk Media’s products and services reached an estimated audience of 45.5 million people during the first half of 2024. The Consensus conference, one of the world’s largest and longest-running digital asset events, attracted over 15,000 registrations in 2024. Consensus Hong Kong and Consensus Toronto will take place on February 18-20 and May 14-16 in 2025, respectively.

Advisor

Morgan, Lewis & Bockius LLP served as legal advisor to CoinDesk on the transaction.

Media contacts

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CoinDesk

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CCData

[email protected]

About CCData

CCData is an FCA-regulated benchmark administrator and global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. By aggregating and analyzing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CCData provides a comprehensive and granular overview of the market across trade, derivatives, order book, historical, social, and blockchain data.

To learn more about CCData, go to: www.ccdata.io.

About CoinDesk

CoinDesk is one of the most trusted media, events, indices, and data companies for the global crypto economy. CoinDesk Indices offers expertise in digital asset indices, data, and research to educate and empower investors. Since 2013, CoinDesk Media has led the story of the future of money and investing, illuminating the transformation in society and culture that comes with it. Our award-winning team of journalists delivers news and unparalleled insights that bring transparency, comprehension, and context. CoinDesk Events gathers the global crypto, blockchain, and Web3 communities at annual events such as Consensus, the world’s largest and longest-running crypto festival.

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