Empaxis
Empaxis provides middle- and back-office outsourcing, systems integration, and finance & accounting services to investment managers, wealth managers, asset managers, family offices, hedge funds, banks, and technology providers globally. Founded in 2004 and headquartered in El Segundo, California, it now operates as a subsidiary of Communify.
- Company typePrivate
- Founded2004
- HeadquartersEl Segundo, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Empaxis does
Empaxis Data Management, Inc. is a US-headquartered financial technology and operations outsourcing firm founded in 2004 by Stephen Van de Wetering. The company provides middle- and back-office outsourcing services to investment managers, wealth managers, asset managers, family offices, hedge funds, banks, financial institutions, technology providers, and breakaway advisors. Core services include reconciliation reporting, performance reporting, NAV calculations, portfolio accounting, finance and accounting outsourcing, and systems integration, with the proprietary TAMP1 cloud-based turnkey asset management platform and a custom QA system for investment performance reporting as the foundational technology layer. The firm also deploys RPA for automating alternative-investment statement processing and AI-driven anomaly detection on reconciliation data.
The company operates from offices in El Segundo (California), London, Noida, Kolkata, Hong Kong, and Riyadh, employing 51-100 staff globally. Empaxis supports integration with 1,600+ custodians and banks including Schwab, TD Ameritrade, Fidelity, and BNY Mellon, and holds SSAE18, ISO-27001, ISO-22301, and GDPR compliance credentials audited by Ernst & Young. Disclosed performance metrics include 30% average operational cost savings for clients, 96% client satisfaction, 95% annual retention, 98+% performance accuracy, and 90% on-time delivery. Pricing is volume- and complexity-based under multi-year contracts, distributed through a consultation-led direct sales motion.
In October 2025, Empaxis was acquired by Communify, a Financial AI platform provider. Post-acquisition, Empaxis retains its brand and operations but gains access to Communify's MIND™ AI platform, AI-Powered Stories, Financial Chat, Communify Pro+, and Digital Apps. The combined positioning frames Empaxis as the data curation and investment operations delivery layer that feeds clean, qualified data into Communify's AI engine for wealth and asset management clients.
Empaxis firmographics
Firmographics- Name
- Empaxis
- Legal name
- Empaxis Data Management, Inc.
- Website
- https://empaxis.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Empaxis provides middle- and back-office outsourcing, systems integration, and finance & accounting services to investment managers, wealth managers, asset managers, family offices, hedge funds, banks, and technology providers globally. Founded in 2004 and headquartered in El Segundo, California, it now operates as a subsidiary of Communify.
- Ownership category
- akta.pro rank
Empaxis industry classification
Industry- Product category
- Investment Operations Outsourcing
- NAICS
- Software Publishers (513210), Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Enterprise Performance Management (EPM) & FP&A Platforms (HDAEAEAK)
- akta.pro secondary industry
- End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA)
Keywords
Where Empaxis is headquartered
LocationHeadquarters
- HQ city
- El Segundo
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Empaxis business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Middle and Back-Office Outsourcing Services: Managed services providing middle- and back-office operations support for investment firms including reconciliation reporting, performance reporting, NAV calculations, and portfolio accounting. Pricing based on volume and complexity with customized structures for each firm.
- Systems Integration Services: Technology integration services including software implementation, platform upgrades, migrations, and quality checks for portfolio accounting systems.
- Finance & Accounting Outsourcing: Outsourcing of finance and accounting functions for investment management firms.
- TAMP1 Platform Access: Cloud-based turnkey asset management platform provided as part of outsourcing engagement, offering real-time analytics and centralized data reporting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom volume and complexity-based pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels8 records
Empaxis product offering
Product offeringCore offering
Empaxis provides outsourced middle- and back-office investment operations services for investment managers, asset managers, wealth managers, family offices, hedge funds, banks, and technology providers. Its core offering combines managed services (reconciliation, performance reporting, NAV calculations, portfolio accounting, finance & accounting) with systems integration across 1,600+ custodians and proprietary technology, including the TAMP1 cloud-based turnkey asset management platform, AI-driven data solutions, and Robotic Process Automation. Following the October 2025 acquisition by Communify, the offering is extended with Communify's MIND™ AI capabilities, AI-Powered Stories, Financial Chat, Communify Pro+, and Digital Apps.
Product overview
Empaxis offers a unified platform-plus-services model centered on TAMP1 (a cloud-based turnkey asset management platform) complemented by outsourcing services for middle- and back-office operations, systems integration, and finance & accounting. Post-acquisition, the offering expands to include Communify's AI-powered solutions including MIND™ AI (knowledge retrieval and generative AI), AI-Powered Stories, Financial Chat, and Communify Pro+. The proprietary QA System and RPA for private equity statement processing are specialized sub-products that enhance the core outsourcing services.
Differentiator
Problem solved
Functional benefit
Products and services
- TAMP1 (Turnkey Asset Management Platform) Cloud-based, turnkey asset management platform that provides investment firms with streamlined workflows, real-time investment and reporting analytics, and a centralized hub for viewing all data, enabling firms to modernize their technology stack with a complete solution for portfolio accounting and reporting.
- Middle- and Back-Office Outsourcing Comprehensive outsourcing services for investment operations including reconciliation reporting, performance reporting, NAV calculations, portfolio accounting, and fund administration, supporting investment managers, wealth managers, hedge funds, family offices, banks, and financial institutions.
- Systems Integration Services Technology integration services that connect custodians and third-party technology platforms with clients' existing portfolio accounting systems, including software development and customization, platform upgrades, migrations, implementations, and quality checks.
- Finance & Accounting Financial technology and operations services providing accounting support for investment firms, including NAV calculations, billing, and financial reporting across various asset classes.
- Communify Pro+ Premier digital wealth platform accessible to Empaxis clients post-acquisition, allowing firms to immediately deploy an AI-enabled client and advisor experience with dramatically reduced implementation time and cost.
Quantifiable outcome
- 30% average operational cost savings for clients
- +5 more outcomes
Companies that use Empaxis
Customer profileSegments8 records
Ideal customer profiles2 records
Empaxis technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability6 records
Feature5 records
Empaxis partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CommunifycoreEmpaxis was acquired by Communify in October 2025. The acquisition combines Empaxis' investment operations and data management expertise with Communify's Financial AI platform (MIND™ AI). Empaxis retains its brand name and identity while gaining access to Communify's AI-powered solutions. The partnership positions Empaxis as the 'expert pit crew' ensuring clean data flows into Communify's AI engine for optimal performance.
Scale indicators8 records
Recent moves5 records
Expansion highlights6 records
Empaxis competitors and assessment
Company assessmentBroad incumbents
- Genpact: Large BPO with a dedicated Capital Markets and asset management practice covering middle- and back-office operations, reconciliation, and reporting. Comparable to Empaxis on the outsourcing-services layer, though Genpact serves a much broader client base and is far larger.
- Wipro: Global IT services and BPO firm with a capital markets practice covering investment operations, regulatory reporting, and platform modernization for asset managers. Overlaps Empaxis's systems integration and outsourcing work but as part of a much broader portfolio.
- Cognizant: Large IT services and consulting firm serving asset and wealth managers with platform integration, data, and operations support. Comparable to Empaxis on systems integration and outsourced operations but operates across many industries.
- Accenture: Global consulting and outsourcing leader with a sizable financial services practice covering asset management operations, platform modernization, and managed services. Overlaps with Empaxis's outsourcing and integration offerings at much larger scale.
Direct peers
- SS&C Technologies: Through Advent and GlobeOp, SS&C provides fund administration, portfolio accounting, and middle/back-office services to asset managers and hedge funds globally - directly overlapping Empaxis's core outsourcing and TAMP1 platform offerings.
- Clearwater Analytics: Cloud-native investment accounting, reporting, and reconciliation platform serving asset managers, insurance, and corporates. Highly comparable on the technology side of Empaxis's TAMP1 and reconciliation offering.
- Linedata: Provides portfolio management and asset servicing software plus outsourced services to buy-side firms, including fund accounting and middle-office workflows. Closely aligned with Empaxis on both the platform and managed-services layers.
- Confluence Technologies: Specialist in investment data management, performance, and reporting solutions for asset managers and service providers. Directly comparable to Empaxis's performance reporting, NAV, and reconciliation capabilities.
Emerging players
- FINBOURNE Technology: Cloud-native investment data management platform focused on portfolio accounting, reconciliation, and data lineage for buy-side firms. Comparable in technology overlap with Empaxis's TAMP1 and reconciliation capabilities, but operating more as a pure software play.
- InvestCloud: Digital wealth and investment operations platform serving asset managers, wealth managers, and advisors with portfolio accounting, reporting, and digital portals. Comparable to Empaxis's TAMP1 turnkey platform positioning for the same buy-side customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Empaxis social profiles
Digital presenceEmpaxis compliance and trust
Trust signalCompliance5 records
Empaxis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Empaxis leadership team
Management profileNumber of profiles
Profiles2 records
Empaxis subsidiaries and ownership
Company hierarchySubsidiaries3 records
Empaxis funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Empaxis M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Empaxis
What does Empaxis do?
Empaxis provides outsourced middle- and back-office investment operations services for investment managers, asset managers, wealth managers, family offices, hedge funds, banks, and technology providers. Its core offering combines managed services (reconciliation, performance reporting, NAV calculations, portfolio accounting, finance & accounting) with systems integration across 1,600+ custodians and proprietary technology, including the TAMP1 cloud-based turnkey asset management platform, AI-driven data solutions, and Robotic Process Automation. Following the October 2025 acquisition by Communify, the offering is extended with Communify's MIND™ AI capabilities, AI-Powered Stories, Financial Chat, Communify Pro+, and Digital Apps.
Is Empaxis a public or private company?
Empaxis is a private company. It is classified as corporate owned and is currently acquired.
When was Empaxis founded?
Empaxis was founded in 2004. It employs 51 to 100 people.
Where is Empaxis based?
Empaxis is headquartered in El Segundo, United States, in the North America region.
How does Empaxis make money?
Four revenue lines are on record. Middle and Back-Office Outsourcing Services are the primary driver. The others are systems Integration Services, finance & Accounting Outsourcing and TAMP1 Platform Access.
Who are Empaxis's main competitors?
Broad incumbents on record are Genpact, Wipro, Cognizant and Accenture. Direct peers are SS&C Technologies, Clearwater Analytics, Linedata and Confluence Technologies. Emerging players are FINBOURNE Technology and InvestCloud.
Does Empaxis have an API?
No public API is recorded for Empaxis.
What industry is Empaxis in?
Empaxis's product category is Investment Operations Outsourcing. Its primary akta.pro industry code is HDAEAEAK, Enterprise Performance Management (EPM) & FP&A Platforms, with a secondary code of HDAEANAA, End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management). Its NAICS code is 513210 and its SIC code is 7370.