Addepar, a leading technology and data platform for wealth, investment, and asset management, announced the acquisition of Arcus, an innovator in enterprise AI workflows. This strategic deal accelerates Addepar’s technology roadmap to embed sophisticated AI and machine learning (ML) more deeply across its platform, supported by the company’s ongoing investment of $100+ million annually to research and development.
In the past fifteen years, Addepar has developed a technology platform that consolidates and unifies data, which its clients use for rigorous analysis, bespoke reporting and actionable insights, delivering consistent and lasting value for their clients and stakeholders. And the next chapter of Addepar’s story will increasingly utilize AI/ML, unlocking additional capabilities like intelligent data management, anomaly detection, streamlined reconciliation and predictive insights.
The acquisition of Arcus – which brings expertise in multimodal and multi-step AI workflows – accelerates this transformation, enabling Addepar to more seamlessly embed advanced AI capabilities to boost investment efficiency and impact.
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“Addepar has consistently invested in integrating the latest technology directly into our platform and products, empowering both our internal teams and our clients to be more productive and to make more informed decisions. As the AI landscape continues its rapid transformation, Addepar is committed to staying at the forefront of advanced technology, and extending these capabilities to our clients. With our outsized investment in innovation, we aim to deliver intelligent, context-aware tools that empower our clients to excel in dynamic and unpredictable markets, while ensuring we and our clients continue to enforce and refine governance best practices.”
Eric Poirier, CEO of Addepar
“We have fundamentally focused on building a platform that is flexible, interoperable, and future-ready. Our architecture facilitates seamless integration with clients’ existing tools, minimizing disruption and maximizing long-term value. The acquisition of Arcus is a leap forward in our AI strategy, embedding adaptive intelligence into the platform. This will enable dynamic, data-driven workflows that respond to real-time context across the Addepar platform.”
Bob Pisani, Chief Technology Officer at Addepar
