Canoe Intelligence and Versoft Consulting Formalize Partnership to Support Alternative Investment Workflows for Wealth Managers
NEW YORK, August 14, 2023 – Canoe Intelligence (“Canoe”), the financial technology company powering alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms, and Versoft Consulting (“Versoft”), a boutique investment technology and business process consulting firm, today announced a strategic consulting partnership.
For investors allocating to alternative asset classes, Canoe and Versoft will collaborate to help clients define their ideal tech stacks. For financial services organizations looking to improve operational processes with technology, the partners will design solutions that deliver value based on the individual client’s needs. The partnership will also facilitate collaboration across additional vendors to streamline operational workflows and seamlessly integrate alternative investment data.
Versoft helps financial services professionals with their technology and business processes by offering unbiased, vendor-agnostic recommendations and solutions. Their consultants work with RIAs, wealth managers, asset managers, and family offices to manage the technology evaluation and selection process so they can better use technology to enhance their investment operations.
“It’s a daunting task for wealth managers to navigate the entire process of finding and implementing a new technology solution to enhance their investment operations, especially given the volume of solutions available today,” said Verity Larsen, CEO of Versoft Consulting. “Wealth managers come to us for help in finding the right solutions for their particular needs. We expect this partnership with Canoe to bring a great amount of benefit to our clients looking to automate time-consuming manual document and data management processes and optimize their ability to invest in alternatives.”
Over 250 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.
“We’re excited to formally welcome Versoft to the Canoe Partner Program,” said Kim Raymonde, Director of Partnerships and Integrations at Canoe Intelligence. “Our goal is to create a network of partnerships and integrations that help us serve clients of any type in the way that they need, with the solutions that make the most sense for their business. Versoft takes the same approach in working with their clients and has the expertise to guide our mutual clients towards the best outcomes.”
This announcement follows the news of Canoe’s continued expansion in Europe with the recent opening of its London office following a record 2022. Earlier this year, Canoe announced the completion of its Series B financing round led by F-Prime Capital. Canoe’s platform has become a crucial solution for the alternative investment industry. Its global client base grew by over 200% in 2021 and continued that pace through 2022. Canoe now supports over $5T in assets under advisement.
About Canoe Intelligence
Canoe Intelligence redefines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset servicing firms, and wealth managers. By combining industry expertise with the most sophisticated data capture technologies, Canoe’s technology automates the highly frustrating, time-consuming, and costly manual workflows related to alternative investment document and data management, extraction, and delivery. With Canoe, clients can refocus capital and human resources on business performance and growth, increase efficiency, and gain deeper access to their data. Canoe’s AI-driven platform was developed in 2013 for Portage Partners LLC, a private investment firm. The company discusses wealth management, institutional investment, and technology topics on its blog. Learn more at www.canoeintelligence.com.
Formed in 2015, Versoft has solidified itself as a leading consulting firm and prominent builder of custom solutions and integrations for the investment management industry. The company offers its plethora of resources to update, streamline, and optimize workflows and reports for a diverse array of clients across the globe. For more information, visit www.versoftconsulting.com.
Betsy Miller Daitch