Various-investments platform providor iCapital says it’s buying Mirador, which focuses on funding information aggregation and monetary reporting. As a part of the deal, over 180 Mirador workers are anticipated to affix iCapital, which has 1,200 employees members and works with practically $181 billion in platform belongings worldwide.

The acquisition means iCapital can increase its information administration and reporting capabilities to create a “extra enhanced expertise expertise” for shoppers within the wealth administration, household workplace, endowment and basis segments, the businesses stated. Phrases of the settlement weren’t disclosed.

“Mirador has set the trade commonplace for managing information with main third-party efficiency reporting suppliers,” iCapital Chairman and CEO Lawrence Calcano defined in an announcement.

“This acquisition additional enhances and broadens the service mannequin iCapital delivers by way of our market-leading various funding working system and permits us to ship on our aim of making a dependable end-to-end information administration functionality for the trade,” Calcano added.