Sanne Group plc (“Sanne”) has sold its minority equity stake in Colmore AG (“Colmore”) – a leading private markets technology, services and administration business to Preqin - the global leader in alternative assets data, analytics and insight, following the acquisition of Colmore by Preqin.
Both Sanne.Live and Sanne Spotlight were rolled out to clients in H2 2020 and have received a significant amount of positive client feedback alongside its other digital products.
From an overall technology perspective, and aside from the Colmore investment, Sanne has continued to invest significantly, both organically and inorganically, into Group-wide innovation and technology strategies that have further enhanced its client offering whilst bringing additional servicing efficiencies. Key enhancements include the migration to Amazon Web Services Cloud, which has in turn been critical to the ongoing improvement of resilient client services and the development of a range of new client-facing applications, automations, analytical services and reporting tools provided to clients through Sanne.Live.
As previously announced, Sanne also invested into Alternative Assets Accounting Software Inc, a FinTech company developing next-generation API-driven dynamic accounting, data, analytics and reporting platforms for alternative asset managers.
We are delighted with how our investment into Colmore and subsequent collaboration with their team has resulted in the evolution of our data analytics capabilities. We have seen great success with this innovation for our clients and expect this momentum to continue in future. Sanne and Preqin have been working together for many years, so we are excited to continue to build on this relationship as Colmore enters their new chapter as a Preqin company.”