Addepar, the technology and data platform for wealth, investment, and asset management, announced the acquisition of Arcus, an innovator in enterprise AI workflows.
This move accelerates Addepar’s technology roadmap to “embed sophisticated artificial intelligence (AI) and machine learning (ML) across its platform, supported by the company’s ongoing investment of over $100 million annually to research and development.”
Over the past fifteen years, Addepar has developed “a technology platform that consolidates and unifies data, which its clients use for analysis, reporting and actionable insights, delivering value for their clients and stakeholders.”
The next chapter of Addepar’s story will increasingly “leverage AI and machine learning, unlocking capabilities like intelligent data management, anomaly detection, streamlined reconciliation and predictive insights.”
The acquisition of Arcus – bringing expertise “in multimodal, multi-step AI workflows – accelerates this evolution, enabling Addepar to embed advanced AI capabilities to boost investment efficiency and impact, while adhering to the stringent data governance, privacy and controls it has invested in since its founding 15 years ago.”
Eric Poirier, CEO of Addepar said:
“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.”
Bob Pisani, Chief Technology Officer at Addepar said:
“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.”
These significant advancements will be “a key focus at AddeConf25, Addepar’s annual technology and innovation conference, taking place in New York City on May 21.”
Users have entrusted Addepar to “empower smarter investment decisions and better advice over the last decade.”
With client presence in more than 50 countries, Addepar’s platform aggregates “portfolio, market and client data for more than $7 trillion in assets.”
Addepar‘s open platform integrates with “more than 100 software, data and services partners to deliver a complete solution for a range of firms and use cases.”
Addepar notes that it embraces a global flexible workforce model “with offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Edinburgh, Pune and Dubai.”
