Addepar Acquires Arcus to Enhance AI Capabilities
Deal News | May 21, 2025 | PR Newswire Cision Addepar
Addepar, a preeminent technology and data platform for wealth and investment management, has announced the acquisition of Arcus, a pioneer in enterprise AI workflows. This move is part of Addepar's strategy to embed advanced AI and machine learning technologies into their platform, which is underpinned by an annual R&D investment exceeding $100 million. This acquisition is expected to enhance Addepar's capabilities in intelligent data management, anomaly detection, predictive insights, and more, while maintaining adherence to rigorous data governance and privacy. Leaders Eric Poirier, CEO, and Bob Pisani, CTO, emphasize Addepar's dedication to incorporating cutting-edge technologies into their products to improve client decision-making. This acquisition and its impact on AI strategy will be a focal point at Addepar's annual technology conference in New York.
Sectors
- Financial Technology
- Artificial Intelligence
Geography
- United States – Addepar is based in the United States with operations in multiple locations including New York, where the acquisition and annual conference are announced.
Industry
- Financial Technology – The article discusses Addepar's acquisition of Arcus to enhance its platform with advanced AI and ML features, highlighting the application's focus on wealth and investment management.
- Artificial Intelligence – The acquisition of Arcus aims to integrate AI workflows deeply into Addepar's platform, enhancing intelligent data management and decision-making capabilities.
Financials
- $100 million – Annual R&D investment by Addepar to support technological enhancements, particularly in AI and machine learning.
- $7 trillion – The amount of assets under data management by Addepar's platform, serving global clients.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Addepar | Acquirer | Company | A leading technology and data platform for wealth and investment management, with a focus on integrating AI and machine learning technologies. |
| Arcus | Target | Company | An innovator in enterprise AI workflows, whose acquisition by Addepar aims to enhance AI capabilities on the Addepar platform. |
| Eric Poirier | CEO | Person | Chief Executive Officer of Addepar, highlighting the company's commitment to integrating advanced technologies. |
| Bob Pisani | Chief Technology Officer | Person | CTO of Addepar, emphasizing the importance of a flexible and interoperable platform in their technology strategy. |