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Solovis

Full company profile

uuid0000byd

Namestring
Solovis
Legal namestring
Solovis, Inc.
Websiteurl
solovis.com
Company typeenum
Private
Founded yearint
2013
Descriptiontext

Solovis is a multi-asset class portfolio management, analytics, and reporting technology platform built for institutional investors. The platform is delivered as a unified SaaS solution with modular components: Portfolio Analytics provides consolidated, bottom-up views and reporting across public and private holdings; Risk Analytics delivers factor-based risk metrics, historical scenario analysis, and market stress testing built on positions-level (not returns-based) data for more accurate ex-ante risk prediction; Predict enables forecasting of portfolio performance, liquidity, and the impact of future investment decisions, including private equity J-curve and pacing modeling; and Analyst Services provides outsourced data capture, aggregation, and operations support through sub-services (Analyst Operations, Public Analyst, Private Analyst). The architecture is cloud-based with open APIs for ecosystem integration and positions-level IBOR capability.

The company serves pensions, endowments, foundations, family offices, and government retirement systems, with named customers including UC Investments (Office of the Chief Investment Officer of the University of California), Georgia Tech Foundation, The Wallace Foundation, Bardos LLC, and the City of Fresno Retirement System. Go-to-market is exclusively direct enterprise field sales with a consultative selling motion, and revenue is generated through SaaS subscriptions plus Analyst Services professional services fees. Pricing is quote-based and not publicly disclosed.

Solovis was founded in 2013, is headquartered in Irving, Texas with a registered office in New York, operates with 11-50 employees, and was acquired by Insight Partners in October 2025 from prior owner Nasdaq, with ST6 partnering as an operations team to accelerate growth and AI integration. The company has raised approximately $19.5M in disclosed equity funding across 2014-2018 and acquired Madrone in December 2017.

Short descriptiontext

Solovis is a multi-asset class portfolio management, analytics, and reporting SaaS platform for institutional investors, offering positions-based IBOR, risk, forecasting, and outsourced data operations modules to pensions, endowments, foundations, and family offices.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersIrving, United States
HQ citystring
Irving
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
multi-asset portfolio management, institutional investment analytics, investment book of record, portfolio risk analytics, institutional reporting software
Industry1 code
1Family Office Services (Single & Multi-Family Office)
CodeFSABADAFPrimaryYes
NAICS code2 codes
  • Portfolio Management and Investment Advice523940
  • Other Financial Vehicles52599
SIC code1 code
  • Services-Computer Programming, Data Processing, Etc.7370
Product category
Institutional Investment Management Software
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1SaaS Subscription
TypeSubscription Recurring
Description

Subscription-based software-as-a-service model with automatic renewal unless canceled. The platform is provided for internal business purpose only, suggesting enterprise licensing. Payment accepted via ACH and wire in USD.

go.solovis.com
2Analyst Services (Professional Services)
TypeProfessional Services
Description

Outsourced analyst operations services providing data capture, aggregation, and analytics to extend client team capacity. Includes dedicated analyst support for portfolio data management.

go.solovis.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Pricing details1 tier
1Enterprise multi-asset portfolio management platform with subscription pricing
ModelSubscriptionBilling cadenceAnnual
Notes

No public pricing available. Quote-based sales required. Annual and multi-year contract structures implied by subscription model mentioned in Terms.

solovis.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

Solovis is a multi-asset class portfolio management, analytics, and reporting SaaS platform for institutional investors. The platform consolidates public and private asset data into a single Investment Book of Record, enabling bottom-up portfolio analysis, risk assessment, and forecasting. It is sold via enterprise subscriptions with optional outsourced Analyst Services for data capture and aggregation.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • $125 billion portfolio transformed in one year
+3 more records
Product overview1 text field

Solovis is a multi-asset-class portfolio management platform delivered as a unified platform with modular components. The core platform (Portfolio Analytics) provides consolidated views, reporting, and analysis across public and private asset classes. Three key modules extend the platform: Risk Analytics delivers factor-based risk metrics and scenario analysis; Predict enables forecasting and modeling of investment decisions; and Analyst Services provides outsourced data operations with three sub-services (Analyst Operations, Public Analyst, and Private Analyst). Clients such as UC Investments ($125B AUM), Georgia Tech Foundation ($2.3B AUM), The Wallace Foundation ($1.7B AUM), and Bardos LLC use the platform for institutional investment management.

Product and service4 records
1Portfolio Analytics
CategoryCore Portfolio Analytics Software
Description

Core portfolio management and analytics module providing consolidated views across multi-asset class portfolios with customizable reports, visualizations, and bottom-up analysis capabilities for both public and private holdings. Used by institutional investors as their central portfolio analytics and IBOR system.

2Risk Analytics
CategoryRisk Analytics Software Module
Description

Risk management and reporting module delivering factor-based risk metrics, scenario analysis, and market stress testing across all asset types using positions-based (not returns-based) calculations for more accurate ex-ante risk prediction.

3Predict
CategoryForecasting & Modeling Software Module
Description

Forecasting and modeling module enabling investment teams to model variables and assess the impact of future investment decisions on portfolio performance, liquidity, and risk, including private equity J-curve and pacing analysis.

4Analyst Services
CategoryProfessional / Outsourced Analyst Services
Description

Outsourced data capture, aggregation, and analytics service that expands client team capacity by offloading portfolio data collection from managers, custodians, and market data vendors, delivered alongside the Solovis platform.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2025-10-17
Description

ST6 is an operations team partnering with Insight Partners to help accelerate Solovis' growth as an independent company. ST6 provides operational expertise and support to drive growth and innovation initiatives.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

BlackRock's Aladdin is the dominant enterprise investment management platform combining portfolio management, risk, trading, and operations. It is the broadest incumbent competing for the same institutional buyer as Solovis but at much larger scale and across more asset classes.

TypeDirect peer
Description

MSCI provides portfolio analytics, multi-asset risk modeling, and factor-based risk tools used by institutional investors. It overlaps directly with Solovis' Portfolio Analytics and Risk Analytics modules, particularly for pension and endowment clients.

TypeDirect peer
Description

SS&C's Advent suite includes Axys, APX, and Moxy, which handle portfolio accounting, performance, and reporting for institutional and wealth managers. It is one of the most direct competitors to Solovis' IBOR and portfolio reporting capabilities.

TypeDirect peer
Description

Charles River Development (State Street) provides the Charles River Investment Management Solution (CR IMS) for front-to-back office trading, portfolio management, and compliance. It serves large institutional asset managers and overlaps with Solovis on multi-asset portfolio management workflows.

TypeDirect peer
Description

Clearwater Analytics provides investment accounting, reporting, and reconciliation for institutional investors including pensions, endowments, and insurers. It competes most directly with Solovis' IBOR and reporting capabilities and has scaled rapidly via cloud-native architecture.

TypeDirect peer
Description

eFront specializes in alternative investment management software for private equity, real estate, infrastructure, and private debt. It overlaps with Solovis' Predict module and Private Analyst services for institutional LPs managing large private market allocations.

TypeBroad incumbent
Description

Bloomberg's Asset and Investment Manager (AIM) platform delivers order management, portfolio management, and compliance for buy-side firms. It is an incumbent competitor, broader in scope but overlapping on core portfolio and risk workflows that Solovis targets.

TypeBroad incumbent
Description

FIS InvestOne is an integrated investment accounting and performance measurement platform used by insurance companies and asset managers. It competes with Solovis on accounting book of record and multi-asset reporting, especially for institutions transitioning away from legacy systems.

TypeDirect peer
Description

Adenza combines Calypso's cross-asset trading and risk platform with AxiomSL's regulatory reporting and investment accounting. It is a peer in multi-asset, multi-jurisdiction institutional technology stacks, recently taken private by Thoma Bravo.

TypeEmerging player
Description

FundCount provides investment accounting and partnership accounting for hedge funds, fund admins, and family offices. It is a smaller, emerging competitor that overlaps with Solovis' Analyst Services and private fund holdings capabilities for mid-sized institutional buyers.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds5 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors8 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Solovis

Institutional Investment Management Softwaresolovis.com

Solovis is a multi-asset class portfolio management, analytics, and reporting SaaS platform for institutional investors, offering positions-based IBOR, risk, forecasting, and outsourced data operations modules to pensions, endowments, foundations, and family offices.

What Solovis does

Solovis is a multi-asset class portfolio management, analytics, and reporting technology platform built for institutional investors. The platform is delivered as a unified SaaS solution with modular components: Portfolio Analytics provides consolidated, bottom-up views and reporting across public and private holdings; Risk Analytics delivers factor-based risk metrics, historical scenario analysis, and market stress testing built on positions-level (not returns-based) data for more accurate ex-ante risk prediction; Predict enables forecasting of portfolio performance, liquidity, and the impact of future investment decisions, including private equity J-curve and pacing modeling; and Analyst Services provides outsourced data capture, aggregation, and operations support through sub-services (Analyst Operations, Public Analyst, Private Analyst). The architecture is cloud-based with open APIs for ecosystem integration and positions-level IBOR capability.

The company serves pensions, endowments, foundations, family offices, and government retirement systems, with named customers including UC Investments (Office of the Chief Investment Officer of the University of California), Georgia Tech Foundation, The Wallace Foundation, Bardos LLC, and the City of Fresno Retirement System. Go-to-market is exclusively direct enterprise field sales with a consultative selling motion, and revenue is generated through SaaS subscriptions plus Analyst Services professional services fees. Pricing is quote-based and not publicly disclosed.

Solovis was founded in 2013, is headquartered in Irving, Texas with a registered office in New York, operates with 11-50 employees, and was acquired by Insight Partners in October 2025 from prior owner Nasdaq, with ST6 partnering as an operations team to accelerate growth and AI integration. The company has raised approximately $19.5M in disclosed equity funding across 2014-2018 and acquired Madrone in December 2017.

Solovis firmographics

Firmographics
Name
Solovis
Legal name
Solovis, Inc.
Website
https://solovis.com
Company type
Private
Founded year
2013
Operating status
Operating
Headcount range
11–50 employees
Short description
Solovis is a multi-asset class portfolio management, analytics, and reporting SaaS platform for institutional investors, offering positions-based IBOR, risk, forecasting, and outsourced data operations modules to pensions, endowments, foundations, and family offices.
Ownership category
akta.pro rank

Solovis industry classification

Industry
Product category
Institutional Investment Management Software
NAICS
Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)
SIC
Services-Computer Programming, Data Processing, Etc. (7370)
akta.pro primary industry
Family Office Services (Single & Multi-Family Office) (FSABADAF)

Keywords

  • Multi-asset portfolio management
  • Institutional investment analytics
  • Investment book of record
  • Portfolio risk analytics
  • Institutional reporting software

Where Solovis is headquartered

Location

Headquarters

HQ city
Irving
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Solovis business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. SaaS Subscription: Subscription-based software-as-a-service model with automatic renewal unless canceled. The platform is provided for internal business purpose only, suggesting enterprise licensing. Payment accepted via ACH and wire in USD.
  2. Analyst Services (Professional Services): Outsourced analyst operations services providing data capture, aggregation, and analytics to extend client team capacity. Includes dedicated analyst support for portfolio data management.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualEnterprise multi-asset portfolio management platform with subscription pricing

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Solovis product offering

Product offering

Core offering

Solovis is a multi-asset class portfolio management, analytics, and reporting SaaS platform for institutional investors. The platform consolidates public and private asset data into a single Investment Book of Record, enabling bottom-up portfolio analysis, risk assessment, and forecasting. It is sold via enterprise subscriptions with optional outsourced Analyst Services for data capture and aggregation.

Product overview

Solovis is a multi-asset-class portfolio management platform delivered as a unified platform with modular components. The core platform (Portfolio Analytics) provides consolidated views, reporting, and analysis across public and private asset classes. Three key modules extend the platform: Risk Analytics delivers factor-based risk metrics and scenario analysis; Predict enables forecasting and modeling of investment decisions; and Analyst Services provides outsourced data operations with three sub-services (Analyst Operations, Public Analyst, and Private Analyst). Clients such as UC Investments ($125B AUM), Georgia Tech Foundation ($2.3B AUM), The Wallace Foundation ($1.7B AUM), and Bardos LLC use the platform for institutional investment management.

Differentiator

Problem solved

Functional benefit

Products and services

  • Portfolio Analytics Core portfolio management and analytics module providing consolidated views across multi-asset class portfolios with customizable reports, visualizations, and bottom-up analysis capabilities for both public and private holdings. Used by institutional investors as their central portfolio analytics and IBOR system.
  • Risk Analytics Risk management and reporting module delivering factor-based risk metrics, scenario analysis, and market stress testing across all asset types using positions-based (not returns-based) calculations for more accurate ex-ante risk prediction.
  • Predict Forecasting and modeling module enabling investment teams to model variables and assess the impact of future investment decisions on portfolio performance, liquidity, and risk, including private equity J-curve and pacing analysis.
  • Analyst Services Outsourced data capture, aggregation, and analytics service that expands client team capacity by offloading portfolio data collection from managers, custodians, and market data vendors, delivered alongside the Solovis platform.

Quantifiable outcome

  • $125 billion portfolio transformed in one year
  • +3 more outcomes

Companies that use Solovis

Customer profile

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Solovis technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Solovis partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • ST6flagshipStrategic or Co-development Partner · 17 October 2025ST6 is an operations team partnering with Insight Partners to help accelerate Solovis' growth as an independent company. ST6 provides operational expertise and support to drive growth and innovation initiatives.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Solovis competitors and assessment

Company assessment

Broad incumbents

  • BlackRock Aladdin: BlackRock's Aladdin is the dominant enterprise investment management platform combining portfolio management, risk, trading, and operations. It is the broadest incumbent competing for the same institutional buyer as Solovis but at much larger scale and across more asset classes.
  • Bloomberg AIM: Bloomberg's Asset and Investment Manager (AIM) platform delivers order management, portfolio management, and compliance for buy-side firms. It is an incumbent competitor, broader in scope but overlapping on core portfolio and risk workflows that Solovis targets.
  • FIS InvestOne: FIS InvestOne is an integrated investment accounting and performance measurement platform used by insurance companies and asset managers. It competes with Solovis on accounting book of record and multi-asset reporting, especially for institutions transitioning away from legacy systems.

Direct peers

  • MSCI Barra: MSCI provides portfolio analytics, multi-asset risk modeling, and factor-based risk tools used by institutional investors. It overlaps directly with Solovis' Portfolio Analytics and Risk Analytics modules, particularly for pension and endowment clients.
  • SS&C Advent: SS&C's Advent suite includes Axys, APX, and Moxy, which handle portfolio accounting, performance, and reporting for institutional and wealth managers. It is one of the most direct competitors to Solovis' IBOR and portfolio reporting capabilities.
  • State Street Charles River IMS: Charles River Development (State Street) provides the Charles River Investment Management Solution (CR IMS) for front-to-back office trading, portfolio management, and compliance. It serves large institutional asset managers and overlaps with Solovis on multi-asset portfolio management workflows.
  • Clearwater Analytics: Clearwater Analytics provides investment accounting, reporting, and reconciliation for institutional investors including pensions, endowments, and insurers. It competes most directly with Solovis' IBOR and reporting capabilities and has scaled rapidly via cloud-native architecture.
  • eFront (BlackRock): eFront specializes in alternative investment management software for private equity, real estate, infrastructure, and private debt. It overlaps with Solovis' Predict module and Private Analyst services for institutional LPs managing large private market allocations.
  • Adenza (formerly Calypso + AxiomSL): Adenza combines Calypso's cross-asset trading and risk platform with AxiomSL's regulatory reporting and investment accounting. It is a peer in multi-asset, multi-jurisdiction institutional technology stacks, recently taken private by Thoma Bravo.

Emerging players

  • FundCount: FundCount provides investment accounting and partnership accounting for hedge funds, fund admins, and family offices. It is a smaller, emerging competitor that overlaps with Solovis' Analyst Services and private fund holdings capabilities for mid-sized institutional buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Solovis social profiles

Digital presence

Solovis financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Solovis leadership team

Management profile

Number of profiles

Profiles4 records

Solovis funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Solovis M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solovis

What does Solovis do?

Solovis is a multi-asset class portfolio management, analytics, and reporting SaaS platform for institutional investors. The platform consolidates public and private asset data into a single Investment Book of Record, enabling bottom-up portfolio analysis, risk assessment, and forecasting. It is sold via enterprise subscriptions with optional outsourced Analyst Services for data capture and aggregation.

Is Solovis a public or private company?

Solovis is a private company. It is classified as private equity controlled and is currently operating.

When was Solovis founded?

Solovis was founded in 2013. It employs 11 to 50 people.

Where is Solovis based?

Solovis is headquartered in Irving, United States, in the North America region.

How does Solovis make money?

Two revenue lines are on record. SaaS Subscription is the primary driver. The others are analyst Services (Professional Services).

Who are Solovis's main competitors?

Broad incumbents on record are BlackRock Aladdin, Bloomberg AIM and FIS InvestOne. Direct peers are MSCI Barra, SS&C Advent, State Street Charles River IMS, Clearwater Analytics, eFront (BlackRock) and Adenza (formerly Calypso + AxiomSL). FundCount is listed as an emerging player.

Does Solovis have an API?

No public API is recorded for Solovis.

What industry is Solovis in?

Solovis's product category is Institutional Investment Management Software. Its primary akta.pro industry code is FSABADAF, Family Office Services (Single & Multi-Family Office). Its NAICS code is 523940 and its SIC code is 7370.

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Live signals
GlobalfintechseriesSolovis Accelerates Next Phase of Growth With Support From Insight Partners and ST6Solovis, a multi-asset-class portfolio management and analytics platform for institutional investors, has closed its sale to global software investor Insight Partners, with ST6 (a team of software operating executives) partnering to accelerate growth as an independent company. The investment provides Solovis with dedicated leadership, resources, and capital to expand its platform through innovation, organic enhancements, and add-on acquisitions, while leveraging artificial intelligence to streamline reporting and reduce manual workflows. The deal positions Solovis to strengthen its position as a provider of portfolio intelligence solutions for asset owners navigating complex global markets.LinkedInHealthcare, Fintech Investor Oak HC/FT Seeks $2 Billion for Sixth FundInvestment platform Solovis announced a new phase of expansion backed by Insight Partners and ST6, who are providing capital and expertise to help the company scale its technology and analytics solutions for institutional investors managing alternative assets like private equity and real estate.PR NewswireSolovis Accelerates Next Phase of Growth With Support From Insight Partners and ST6Solovis, a multi-asset-class portfolio management and analytics platform for institutional investors, announced the close of its previously announced sale to global software investor Insight Partners, with ST6 partnering to accelerate its next phase of growth as an independent company. ST6, an elite team of software operating executives, will provide dedicated leadership and operational expertise alongside Insight's capital to scale the platform and pursue organic enhancements and add-on acquisitions. Looking ahead, Solovis plans to leverage artificial intelligence to streamline reporting and reduce manual workflows for institutional investors.PR NewswireSolovis Adds Liquidity Modeling and Enhances Private Equity Pacing Model for Future State Analysis of Multi-Asset Class Portfolio Investment DecisionsSolovis, a multi-asset class portfolio management platform for institutional investors, released new enhancements to its Solovis Predict application in Q3 2020. The new features include liquidity modeling, future state cash flow analysis, and expanded private equity pacing capabilities designed to help asset owners evaluate investment scenarios across complex multi-asset class portfolios. The CEO noted that market volatility from the pandemic has heightened demand for accurate liquidity modeling and cash flow planning tools among institutional investment teams.PR NewswireSolovis Launches New Risk Analytics Platform Designed for Asset Owners and AllocatorsSolovis announced the launch of Solovis Risk Analytics, a new cloud-based application designed to help institutional investors and asset owners analyze multi-factor risk exposures across diverse portfolios. The platform aims to replace siloed systems and spreadsheets by providing accurate insights into exposure, performance, and liquidity data for scenario analysis.PR NewswireSolovis Virtual Client Conference Attracts Record Turnout from Top Asset Owners and Allocators and Showcases Expanded Value with NasdaqSolovis, a multi-asset class portfolio management platform for institutional investors, announced record attendance at its virtual client conference running August 25-29, 2020, with over 120 attendees from 67 organizations including endowments, foundations, pension funds, OCIOs and family offices. The event, themed "Evolution," references both Solovis's acquisition by Nasdaq in March 2020 and the transformation in institutional investing driven by the COVID-19 pandemic. The conference features panels with Nasdaq and eVestment executives, product innovation sessions, and the launch of Solovis Academy for on-demand training.GlobeNewswireNasdaq Reports First Quarter 2020 Results, Adapts to COVID-19 While Delivering for ClientsNasdaq reported first-quarter 2020 net revenues of $701 million, up 11% year-over-year, with GAAP diluted EPS of $1.22 and non-GAAP EPS of $1.50. The company updated its 2020 non-GAAP operating expense guidance to $1,320–$1,370 million, citing acquisitions of Solovis and OneReport.GlobeNewswireNasdaq Acquires Institutional Investment Fintech Firm SolovisNasdaq acquired Solovis, a fintech firm offering multi-asset class portfolio management and analytics for institutional investors. The deal will integrate Solovis into Nasdaq's eVestment group, expanding its portfolio analysis capabilities. Terms were not disclosed, but the investment aligns with Nasdaq's strategy to serve capital markets.PR NewswireInstitutional FinTech Leader Solovis Achieves Record Revenue Growth in 2019Solovis announced record revenue growth in 2019, achieving a 55% increase in annual recurring revenues and setting new revenue records for the year and fourth quarter. The company's growth was driven by strong demand for its portfolio management platform and a significant client retention rate of 103%.PR NewswireSolovis Recognized for Excellence in Family Office Portfolio ManagementSolovis, a multi-asset class portfolio management platform for institutional investors, has been shortlisted for the 2020 Family Wealth Report (FWR) Awards and the Private Asset Management (PAM) Awards in the Portfolio Management category. The company also recently received the CIO Innovation Award for best Data and Technology. Solovis serves family offices, endowments, foundations, pensions and OCIOs with its cloud-based portfolio management and analytics platform.