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M&A Deal Summary

SEI Investments Acquires Oranj - Cloud Native Technology Platform

On March 31, 2021, SEI Investments acquired internet software and services company Oranj - Cloud Native Technology Platform from Investment Grade Technologies

Acquisition Highlights
  • This is SEI Investments’ 1st transaction in the Internet Software and Services sector.
  • This is SEI Investments’ 2nd transaction in the United States.
  • This is SEI Investments’ 1st transaction in Illinois.

M&A Deal Summary
Date 2021-03-31
Target Oranj - Cloud Native Technology Platform
Sector Internet Software and Services
Buyer(s) SEI Investments
Sellers(s) Investment Grade Technologies
Deal Type Divestiture

Target

Oranj - Cloud Native Technology Platform

Chicago, Illinois, United States
Oranj's Cloud Native Technology Platform provides digital collaboration tools to financial advisors and their clients.

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Buyer(S) 1

Buyer

SEI Investments

Oaks, Pennsylvania, United States
Category Company
Founded 1968
Sector Financial Services
Employees5,066
Revenue 2.1B USD (2024)
DESCRIPTION

SEI Investments is an entity which provides investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisers, and ultra-high-net-worth families create and manage wealth. As of December 31, SEI manages or administers $404 billion in mutual fund and pooled or separately managed assets, including $172 billion in assets under management and $232 billion in client assets under administration. SEI Investments was founded in 1968 and is based in Oaks, Pennsylvania.

DEAL STATS #
Overall 2 of 6
Sector: Internet Software and Services M&A 1 of 3
Type: Divestiture M&A Deals 2 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 IBERIABANK’s Wealth Business

Lafayette, Louisiana, United States

IBERIABANK’s Wealth Business provides innovative solutions designed to support the future growth of investment and wealth managers globally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Finomial

Boston, Massachusetts, United States

Finomial is an investor lifecycle management firm offering cloud-native financial technology. Finomial automates investor servicing from end to end, Finomial is transforming the buy-side investment process by automating the manual hedge fund subscription process between investors, fund managers, and administrators. Finomial is based in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

Investment Grade Technologies

Chicago, Illinois, United States
Category Company
Sector Information Technology
DESCRIPTION

Investment Grade Technologies LLC (dba Oranj) is a provider of digital experience for enabling financial advisers to help clients effectively manage their financial lives and personal goals, and empowering investors to make smart financial decisions, connect with financial professionals, and pursue better investing outcomes.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-18 TradeWarrior Software

Layton, Utah, United States

TradeWarrior Software, Inc. is a developer of an Institutional grade investment rebalancing and account management software for financial advisors. TradeWarrior Software is based in Layton, Utah.

Buy -
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