Ipreo

Ipreo established itself as a pivotal financial technology firm, offering a suite of software, data, and analytical services to participants across global capital markets. The company was formed in 2006 through the merger of i-Deal and Hemscott, a move orchestrated by founders Scott Ganeles and Laurence Tosi. Tosi, then a Managing Partner at Merrill Lynch, was the founding investor who initiated the deal. His extensive background in finance, including roles as CFO at Blackstone and later Airbnb, shaped the company's trajectory. Ganeles, who had previously founded i-Deal, took on the role of CEO.

The firm's business model centered on providing solutions that addressed the complexities and costs associated with the capital-raising process. Its client base was diverse, encompassing investment banks, public and private corporations, institutional investors, and asset management firms. Ipreo's revenue was generated by equipping these clients with tools and information for more effective decision-making and streamlined workflows. The company operated on a global scale, with key offices in major financial hubs like New York, London, and Hong Kong, enabling it to offer localized expertise.

Ipreo offered a range of products tailored to different market segments. For primary markets, its book-building platforms became an industry standard, facilitating new debt and equity issuances. Products like IssueBook streamlined the entire new issuance process, from origination and allocation to settlement, ensuring compliance with regulations like MiFID. For private capital markets, solutions such as iLEVEL and Qval provided portfolio assessment, valuation, and investor reporting for private equity and venture capital firms. The iLEVEL platform was notably launched by Laurence Tosi during his tenure as CFO of The Blackstone Group. Additionally, the company provided corporate investor relations tools to help public companies analyze and communicate with their investors. Throughout its history, Ipreo grew via strategic acquisitions, including Marketpipe for fixed income solutions and NSIGHT Enterprise Software for client management platforms. Following a period of ownership by KKR, Ipreo was acquired by Blackstone and Goldman Sachs Merchant Banking Division in 2014, and ultimately by IHS Markit in August 2018 for approximately $1.85 billion.

Keywords: capital markets technology, financial data provider, investment banking solutions, equity issuance, debt capital markets, private capital markets, investor relations services, bookbuilding platform, iLEVEL, financial workflow solutions, Scott Ganeles, Laurence Tosi, IHS Markit, corporate finance software, asset management technology, fixed income solutions, portfolio monitoring, deal management software, capital raising process, financial analytics