Canoe and Deviate Consulting Formalize Partnership to Support Alternative Investment Solutions for Family Offices
NEW YORK, December 12, 2023 – Canoe Intelligence (“Canoe”), the financial technology company powering alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms, and Deviate Consulting (“Deviate”), a consultancy focused on software selection, implementation, and back-office services for single and multi-family offices, today announced a strategic consulting partnership.
Canoe and Deviate will collaborate to support family offices through the process of implementing Canoe’s technology. For family offices seeking dedicated support to facilitate a new technology project, this partnership is designed to supplement their internal resources and capabilities as it relates to technology selection and adoption. For mutual clients, Deviate will become an extension of the client’s team, liaising with Canoe’s client success team to support them through the change.
“Upon recognizing a trend that many family offices need support in managing the success of their technology implementations, we launched Deviate in 2015 as an independent consultancy. Our goal is to guide family offices in selecting, implementing, adopting, and maintaining their new software effectively,” said Erin Hulse, CEO of Deviate Consulting. “As they look to grow, introducing or expanding investments into asset classes like alts is a major focus for these clients, and innovative technology is a core component in their ability to keep pace. We have seen Canoe emerge as a leader in the alternative investment technology space, with many family offices relying on its technology for alts data extraction and delivery. We’re excited to partner with Canoe to accelerate the implementation and onboarding of those family offices looking to invest in modernizing their technology stacks.”
Over 275 institutional investors, asset servicers, capital allocators, and wealth managers leverage Canoe Intelligence to automate their most time-consuming manual alternative investment processes. The Canoe Partner Program is designed to create a seamless experience for clients with a system-agnostic, client-first approach to integrations.
“Deviate has a strong track record of successful technology implementations, so I’m thrilled to be welcoming them as a consulting partner for our family office clients,” said Kim Raymonde, Director of Partnerships and Integrations at Canoe Intelligence. “The Canoe Partner Program creates an ecosystem of technology and service partners that deliver effective integrations and remove points of friction in our clients’ workflows. Erin and her team have deep knowledge relevant to several platforms that integrate with Canoe, including SEI Archway, which is especially beneficial to our customers.”
This announcement follows the news of Canoe’s newly launched solution, Canoe Pro, a comprehensive solution that integrates expert services into the client experience. Canoe also shared two product expansion announcements earlier this quarter, including Canoe Tax for streamlined tax document workflows and plans to develop and deliver Canoe Asset Data through a design partnership with 13 existing clients.
These product development programs build upon Canoe’s recent successes, including 100% year-over-year growth and a strategic $25 million Series B financing round in February 2023. Canoe continues to advance operational excellence through the expansion of its platform and product suite, exemplifying its commitment to innovation and industry-leading product development in the alternative investment industry.
About Canoe Intelligence
Canoe Intelligence (“Canoe”) is a financial technology company dedicated to advancing alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms. Canoe empowers clients with technology, data, and insights to manage alternative assets more efficiently, accurately, and confidently. With a commitment to innovation and excellence, Canoe is redefining the future of alternative investment data management.
About Deviate Consulting
Deviate Consulting is a professional services firm that focuses on software selection, implementation, and back-office services for single and multi-family offices. Deviate is an independent, objective partner serving the best interests of our clients, resulting in successful long-term relationships. Deviate was founded in 2015 in Indianapolis and has a team of 25 consultants throughout the country.
Betsy Miller Daitch