Investment management technology vendor SS&C Technologies has acquired the assets of portfolio visualisation software firm NeoVision Hypersystems for $1.6 million in cash and the assumption of outstanding liabilities.
NeoVision's products use colours, sound and animation to give traders insight into portfolio performance. Deutsche Bank was an early stage investor and user of the firm's Heatmaps technology.
SS&C chairman and CEO Bill Stone comments: "In today's trading environment, information overload makes it difficult to act quickly. NeoVision technology allows portfolio managers, traders, and brokers to rapidly digest huge amounts of financial data and uses powerful visual cues to help them track, analyse and understand thousands of positions instantly."