Escalent, formerly Market Strategies International-Morpace, has acquired US-based financial services quant specialist Javelin Strategy & Research from Greenwich Associates. Terms of the deal have not been disclosed.
Based in San Francisco Bay, Javelin provides in-depth analysis of financial services market and technology trends, and expertise in digital banking, payments, fraud and security, and lending. Its clients include financial institutions, government agencies, payments companies, merchants, fintechs and technology providers.
Greenwich Associates, a financial services consultancy headquartered in Stamford, CT, acquired Javelin in 2012 and has now sold it to Escalent, which says the move will expand its presence in the retail and small business banking sectors, and complement its financial services expertise.
Javelin will retain its name and its current office. Escalent CEO Melissa Sauter (pictured) comments: 'This acquisition allows Escalent to provide its clients with a fully integrated customer experience in the new digital financial ecosystem, and it gives Javelin clients access to a bench of financial industry expertise and consulting for deeper, more comprehensive engagements. In addition, both Escalent and Javelin share a culture of total commitment to relentless employee and customer happiness so it's a great fit'.
Web sites: www.escalent.co and www.javelinstrategy.com .
All articles 2006-20 written and edited by Mel Crowther and/or Nick Thomas.