Addepar appoints the CFO after a record year of growth

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MOUNTAIN VIEW, California, March 4, 2022 / PRNewswire / – Addepara leading software and data platform built specifically for investment, announced today Eric Daniels he joined the company as Chief Financial Officer. Daniels brings over 20 years of experience in financial and operational executive leadership to Addepar, with a focus on SaaS and data information services. Addepar also welcomes Jaime Hildrethpartner of the WestCap group e Juan A. Sabater, Co-President and Partner of Valor Equity Partners, to its Board of Directors. The company continues to bring together the best talent in technology and finance to deliver exceptional value to clients throughout the investment management lifecycle and support its high growth rate.

Addepar had its strongest year on record in 2021, adding 835 billion dollars in assets to the platform and completing a $ 150 million Series F financing, led by D1 Capital Partners. The company also acquired Peak Advisor And RCI to strengthen its industry-leading solution for RIAs, banks, family offices and institutions. Today, over 700 clients in more than 25 countries use Addepar to manage and advise beyond $ 3.5 trillion in assets, which continue to grow more than 15 billion dollars on average per week.

Eric Daniels he will lead Addepar’s finance teams to support the company’s expansion beyond 650 employees on a global scale. Daniels’ experience as a leader in both private and public growing data and technology companies further strengthens Addepar’s executive team as the company empowers investment professionals to make the most informed and data-driven decisions. Before joining Addepar as CFO, Daniels was CFO of Real Capital Analytics (acquired by MSCI) and, before that, COO and CFO of automotiveMastermind (acquired by IHSMarkit) and CFO of National Response Corporation.

“Eric is a qualified leader who will contribute significantly to Addepar’s growth strategy and who naturally aligns with our team and the core values ​​we live by. His broad background and experience in the technology and data industry will help promote the evolution of Addepar as a truly global platform that unlocks and increases value for the world’s leading financial services companies. We are fortunate to welcome Eric to the Addepar team, “he said. Eric PoirierCEO of Addepar.

“What attracted me to Addepar was not only the market-leading product and the vast potential to scale sophisticated technology for even more investment organizations around the world, but also the unprecedented community behind it. It all depends on people and Addepar is radically transforming financial services by keeping customers at the center of everything, “he said Eric Daniels, Financial Director of Addepar. “I am thrilled to be part of the journey as Addepar expands across segments and geographies and continues to build innovative solutions, supported by a world-class team.”

As Addepar continues its investment in alternatives, the company is leading Jaime Hildreth And Juan A. Sabater on its Board of Directors. Hildreth joins the Board as a voting member of the WestCap Group, replacing partner Laurence A. Tosi who will remain a WestCap advisor to the company. Her experience as co-founder of Tosi at iLevel (now part of S&P), an industry-leading platform for portfolio and risk monitoring, will help Addepar scale and penetrate new markets. Sabater has over 25 years of experience in private equity, investment banking and as a successful entrepreneur. He joins the Board as a voting member for Valor Equity Partners thereafter by David Obrand hiring as President of Addepar.

“When I started working at WestCap, Addepar was our Fund’s first investment for strategic players,” he said. Jaime Hildreth, Partner of WestCap. “What was most interesting to me then, as it is now, was the huge addressable global market that Addepar serves with the explosion of alternatives and opportunities that exist to build on the basis of data. This, together with the quality of revenues. of Addepar, positions them to scale sophisticated technology in investment organizations and unify access for alternatives and private resources. I am honored to join the Board of Directors and excited to delve into the Addepar team and expand their reach market “.

“It has been a privilege for Valor to be part of Addepar’s journey since 2014 and to see the company continue to grow and grow, particularly during these recent and difficult times,” he said. Juan A. Sabater, co-chairman and partner of Valor Equity Partners. “Addepar is providing the investment management platform for the next generation. By harnessing the power of its data platform, the company is driving an ecosystem and a market that will provide companies with the tools and information they need to meet the myriad of business needs. global investors. With its deep and ongoing commitment to product innovation and customer focus, Addepar is leading the sector through a technological transformation that will serve as a foundation for the next decade and beyond. “

About Addepar
Addepar is a software and data platform created specifically for wealth management, investment and professional wealth management companies to deliver exceptional results to their clients. More than 700 leading companies rely on Addepar to unlock the power and possibility of more informed and data-driven investments and advice. With the presence of customers in more than 25 countries, the Addepar platform aggregates portfolio, market and customer data for more than $ 3.5 trillion in goods. Companies can also use Marketplace, a digital experience offered through Acervus Securities (FINRA member), to access and trade a range of investment products with a focus on private and alternative market investments. Addepar’s open platform integrates with over 100 software, data and service partners to provide a complete solution for a wide range of businesses and use cases. Addepar embraces a global flexible workforce model with offices in Silicon Valley, New York, Salt Lake City And Edinburgh, Scotland.

SOURCE Addepar


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