State Street Corp. has completed the acquisition Swiss analytics firm Complementa Investment-Controlling. Financial details of the transaction were not disclosed. As part of the deal, State Street has also bought asset management software provider Allocare, a wholly owned subsidiary of Complementa Investment.
Following the acquisition, founder and chairman of Complementa Benjamin Brandenberger and CEO and president Michael Brandenberger will serve as board members. Another board member, Andreas Joost, will become the CEO.
Click here for the release from Business Wire.