Business intelligence firm Ipreo is expanding its service into private companies as more highly-valued firms choose to hold off IPOs.
Ipreo provides financial market data, business intelligence and deal execution tools to investment banks and corporate clients. It new service Prism is designed to help private companies manage regulatory requirements, securely communicate with shareholders, execute liquidity events and make better business decisions.
?As private companies remain private longer and the line between private and public markets continues to blur, there is an intense need for an integrated solution that makes it easy for private companies to act public, but stay private,said Charlie Young, EVP of Private Company Solutions at Ipreo.
The New York-based firm is privately held by Blackstone and Goldman Sachs Merchant Banking Division.
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