STG folds S&P EDM into Gresham & carves out thinkFolio

STG has completed the acquisition of S&P Global's Enterprise Data Management business and thinkFolio, placing EDM into Gresham and setting thinkFolio up as an independent portfolio company.

STG said the transaction followed its acquisition of Gresham in 2024. Under the new structure, EDM will sit inside Gresham, while thinkFolio will operate separately under STG ownership.

STG describes itself as a private equity firm focused on software, data and analytics. Gresham supplies data automation software for financial services firms.

EDM joins Gresham

Gresham said the deal carved out EDM from S&P Global. The company said the addition expanded its footprint in enterprise data management for financial services.

Gresham said EDM is used by buy-side and sell-side institutions. It said EDM is relied on by 30 of the top 60 global asset managers and supports more than $12 trillion in assets under management.

Gresham said EDM manages market, reference, private markets and ESG data. It said the platform is used in regulated data environments across capital markets.

Gresham said EDM will keep its existing product range inside the group. It said the platform will continue with its product roadmap, customer relationships and delivery model.

Gresham said the EDM team will move with the business. It said this would maintain continuity across customer relationships, service delivery and product development.

"EDM plays a foundational role in how global financial institutions govern, control, and operationalize their most critical data," said Marc Bala, Managing Director, STG.

"STG and Gresham share a common goal: enabling EDM to reach its full potential as a provider of focused data automation solutions. Under STG ownership, EDM gains flexibility, capital, and dedicated attention to accelerate AI-driven product innovation, deepen customer partnerships through faster decision-making, and expand its role as a trusted data backbone across the financial ecosystem. We believe this positions EDM to grow faster and serve customers even better," said Bala.

Gresham positioned the acquisition as a material expansion of its data management activities in capital markets.

"This acquisition is a defining step forward for Gresham," said Mark Hepsworth, Chief Executive Officer, Gresham.

"Gresham is a market leader in capital markets data automation focused around two main capabilities, enterprise data management and reconciliations solutions. EDM meaningfully expands our enterprise data management offerings and reinforces our focus on supporting mission critical data management processes in regulated, data-intensive financial markets. The EDM range of products will continue to be offered and enhanced while benefiting from increased investment, commercial scale, and broad domain expertise in financial services data management," said Hepsworth.

Gresham said EDM would maintain its delivery model after the close. It also said EDM has a roadmap in place and will continue to deliver product updates.

"EDM has built a strong reputation as a trusted enterprise data platform supporting some of the largest asset managers and financial institutions globally," said Neil Robertson, Managing Director, EDM.

"Joining Gresham provides a focused strategic home with deep domain understanding and the resources to accelerate our roadmap and expand our product offerings, while preserving the stability and service our customers rely on," said Robertson.

thinkFolio carve-out

STG said it also completed the acquisition of thinkFolio from S&P Global. It said the business would operate as an independent portfolio company.

STG said thinkFolio focuses on portfolio modelling, order management and investment compliance for investment managers and asset owners.

STG said it planned a renewed focus on customer partnerships and product development. It said the investment would provide dedicated resources for service delivery and for work across fixed income, multi-asset and bespoke investment workflows.

"thinkFolio has built an exceptional reputation for solving some of the most complex portfolio construction and analytics challenges in the market," said Marc Bala, Managing Director, STG.

"We are excited to partner with the team to support their long-term vision, with a particular emphasis on customer outcomes, product leadership, and operational excellence," said Bala.

STG said thinkFolio would invest in customer success, implementation resources and feedback processes between clients and product teams.

"Customers choose thinkFolio because it delivers the critical front office capabilities they rely on and the flexibility within the platform helps support their evolving needs," said Ajay Sheth, Chief Executive, thinkFolio.

"This partnership allows us to double down on what matters most to our clients: consistent service, faster innovation, and continued investment in the teams that support them every day. STG's experience scaling mission-critical software businesses makes them a strong partner as we enter our next phase of growth," said Sheth.

STG said it has partnered with management teams across financial services and other data-intensive industries. It said its portfolio has included more than 50 global companies.