OAKS PA – SEI Investments, the investment processing and management company that employs about 3,200 people in a complex on the northwest side of the U.S. Route 422 interchange at Oaks (at top), has agreed to buy an Indianapolis firm whose services compliment its own, the Philadelphia Business Journal reports.
In a federal Securities and Exchange Commission filing, SEI said it would pay more than $80 million for Archway Technology Partners. It’s a financial technology business that provides services “to the family office industry and institutions” that serve that market, according to Journal reporter Jeff Blumenthal. Archway has 200 clients and administers assets valued at about $230 billion.
- Read Blumenthal’s story, titled “SEI buys Midwest fintech company for $80M” and published July 5 in the Journal, here.
Photo from Google Images