On Friday, January 27, 2017, Linedata Founder & CEO Anvalary Jiva and Gravitas Founder & CEO Jayesh Punater held a town hall in New York for Gravitas employees to announce the acquisition of Gravitas by Linedata. Employees tuned in from Gravitas’ five global offices including via video and phone conferencing from Chicago, Greenwich, Mumbai and Ahmedabad.
At the town hall, Punater, who will continue to lead Gravitas as Global Head, described the joint companies’ synergies: “With Linedata, Gravitas is now able to expand its middle office and technology services, producing smarter scale for businesses worldwide,” said Punater. “Linedata’s strong global presence in over 50 countries will grant Gravitas greater access to the investment management, insurance and credit community, enabling accelerated growth.”
Jiva welcomed the Gravitas team by presenting them with Linedata polo shirts. In sharing Linedata’s core values, collaboration, sustainability and globalization, Jiva explained their impact on Linedata’s corporate vision and company culture.
“I was impressed to meet and hear from the top executives at Linedata,” said Eran Fabian, Relationship Management Associate at Gravitas. “Everyone at Gravitas is excited about what lies ahead.”
The town hall also served as a forum to answer any questions that Gravitas employees may have. Future town hall spin-offs will be hosted to clarify additional employee inquiries.
Linedata is a global solutions provider dedicated to the investment management and credit communities, with close to 1000 employees in 16 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. Headquartered in France, Linedata achieved revenues of €172.3 million in 2015. This company is listed on Euronext Paris compartment B FR0004156297-LIN - Reuters LDSV.LN - Bloomberg LIN: FP.
Gravitas a leading provider of middle office and technology services to the asset management industry, combining dedicated professionals, industry standard processes and world-class technology to create smart scale and reduce operational risk and overall costs. With over two decades of experience, Gravitas is headquartered in New York with 275+ world-class experts across its five global offices (Chicago, Greenwich, Mumbai and Ahmedabad) and supports 80+ clients that manage over $1.15 trillion in AUM globally.
Gravitas was most recently named "Best Alternative Investment Outsourcing Platform" in the 2016 Wealth & Finance International Awards and "Most Innovative Hedge Fund Solutions Provider, US" in the 2016 Acquisition International Awards. The firm has also been recognized as "Best Middle Office Solution" in the 2015 HFM US Hedge Fund Services Awards and "Best Outsourced Solution" in the 2015 HFM US Technology Awards.