Spy Tools for Investors
September 26, 2014
Never let it be said that financiers don’t leverage all the useful technology they can find. The Silicon Valley Business Journal reports that “Addepar’s Palantir Veterans Use Spy Tools to Map Investment Risk.” Hmm, I wonder whether the company will want to work the phrase “spy tools” into its advertising. Writer Jason McCormick, citing a New York Times article, summarizes:
“Addepar’s software, which launched five years ago, maps investors’ holdings to determine risk and portfolio sustainability. The company, whose leadership did turns at Palantir Technologies, last year raised significant capital to bring its big-data platform to market.
The company was founded by Palantir veteran Jason Mirra and Joe Lonsdale, who was a co-founder at Palantir. Addepar’s current CEO, Eric Poirier, also worked at Palantir.
The Times reported that Addepar’s users include family offices, banks and wealth managers, such as Iconiq Capital, which oversees a part of Mark Zuckerberg’s portfolio.”
McCormick goes on to point out that Addepar’s services can run from $50,000 to “well over” $1 million, depending on the amount of data involved. These companies must be pretty convinced of Addepar’s abilities.
Much is (rightly) made of Addepar’s roots in Palantir, an outfit we’ve been following with interest (though I’d like to add to the description above the fact that CEO Poirier also spent time at the financial powerhouse Lehman Brothers.) I think it interesting, though, that the team pulled in a former Oracle executive, who happens to have experience leading a private equity firm’s software investing team, to be COO: Karen White. So far, that seems to have been a wise choice.
Cynthia Murrell, September 26, 2014
Sponsored by ArnoldIT.com, developer of Augmentext
Comments
One Response to “Spy Tools for Investors”
-
- Subscribe to Beyond Search
Feature archive
News archive
-
Lehman Brothers the financial powerhouse?! If only the lights stayed on! 😉 good article and good luck guys.