BlackRock (BLK) To Buy Impact Investing

July 15, 2008 5:01 PM EDT

BlackRock (NYSE: BLK) announced that it will acquire Impact Investing, a Sydney, Australia based software development company specializing in equity portfolio management and analytical software tools. Impact will be fully integrated into BlackRock Solutions(R), a unit of BlackRock that offers a broad range of tools and services designed to help institutions understand and manage their capital markets exposures and risks.

BlackRock Solutions offers a suite of investment tools designed to support a highly controlled, scalable and efficient investment management process. Aladdin(R), its enterprise investment platform, combines sophisticated risk analytics with portfolio management, trading and operations tools. In total, over $7 trillion in assets are processed on the Aladdin platform.


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