Visible Alpha - a FinTech firm backed by the likes of UBS, Morgan Stanley and Bank of America - has announced the acquisition of ONEaccess, as it pushes to change the way investors measure sell-side content.
The acquisition will see both firms look to bring greater transparency and efficiency to broker-client relationships and help buy-side firms generate alpha.
ONEaccess - founded in 2014 - is a corporate access, resource tracking and broker valuation platform with over 150 buy-side client firms and 185 contributing sell-side firms.
Vision Alpha plans to integrate the ONEaccess buy-side tools onto its platform, to improve workflow for tracking sell-side interactions.
Both parties said the integrated platform will “help investors uncover new insights from Visible Alpha’s unique fundamental dataset derived from sell-side analyst models”.
Mike Stepanovich, chief executive officer of ONEaccess, explained both firms have focused on improving the investment management workflow, but tackled different aspects of it.
“By coming together, we are able to solve both sides of the equation for our clients, and we are already receiving positive feedback from them,” he said.
Stepanovich will report to chief executive officer of Visible Alpha, Scott Rosen, under the acquisition.