New York-based business intelligence provider Strategic Insight will purchase San Diego-based retirement plan information firm BrightScope
In announcing the acquisition on Tuesday, the companies did not release additional details about the transaction.
“This acquisition expands Strategic Insight’s data offering and research and development capacity,” said Joel Mandelbaum, Strategic Insight CEO, in a statement released on Tuesday. “BrightScope is well known for its unique retirement data and its technology innovation. We are excited by the opportunity to add retirement data to our portfolio and accelerate our commitment to the asset management community.”
Strategic Insight, which recently closed on acquisitions of Market Metrics and Matrix Solutions, seeks to be the industry’s one-stop shop for data and insights.