Fund research group fundinfo will merge with Luxemburg-based fund data management expert F2C to create a 'one-stop shop' for asset managers.
The deal means the two firms will be able to consolidate vendor relationships and streamline data processes.
The services offered by fundinfo, which hosts one of the world’s largest libraries of fund documents, is to combine with F2C’s high-end data management, documents and report generation, registration and notification capabilities.
This is done with the intention of improving transparency and enabling automated regulatory reporting under MiFID II and PRIIPS.
Commenting on the deal, Laurent Halbgewachs, chief executive of F2C, said: ‘We have worked successfully with fundinfo for many years and there is a close cultural fit between our two organisations.’
Since its launch in 2005, F2C has provided asset managers with an up-to-the-minute fund data management platform, known as Publifund, combined with a premium data management service.
fundinfo's chief executive, Philipp Portmann, said: ‘Asset managers continue to favour outsourcing but are keen to keep things simple post MiFID II.
'They want to reduce the number of external service providers they use and have a “golden copy”, single source of data to reduce complexity and improve both transparency and reporting.’