KNEIP, a specialist in fund data management and reporting solutions for the asset management industry, has acquired Dataglide, a UK-based technology company specialised in data transformation and cloud-based automation.

The acquisition brings significant technology expertise in-house, with microservices architecture and multi-tenant cloud computing, which will increase service quality and data accuracy, as well as will drive process automation across its portfolio. With Dataglide technology, KNEIP is now ready to launch new products.

Dataglide has been working with KNEIP for more than a year to build its next generation fund data management system. The acquisition is highly complementary to KNEIP’s existing technology and will make its current infrastructure highly scalable and even more secure. It will also allow KNEIP to deliver working software more frequently and bring more value to clients faster.