The acquisition is expected to close later this year, pending customary conditions for transactions of this nature.
Founded in 1992 and based in Sydney, Rainmaker's service offerings include a market-leading combination of proprietary datasets, industry benchmarking, research, and market-share reporting for Australia - all of which is integrated and accessible via its RainmakerLive software platform.
Rainmaker's platform allows investment professionals to access data and insights that facilitate targeting new business opportunities, analysing multiple distribution channels, tracking market decision makers, and connecting with customers.
In addition, investment managers increasingly rely on Rainmaker to process, reconcile, and manage their sales and adviser data as part of the platform.
Complementing these services is an ecosystem of events, awards, and media franchises that enable Rainmaker to bring industry participants together and offer clients multiple options for pursuing growth opportunities in the Australian market.
"We remain committed to helping our clients as they increasingly consider global opportunities and seek partners who can provide valuable solutions across multiple major capital markets. Rainmaker's leadership in the Australian market - with a broad and diversified client base and well-integrated platform of data, research, analytics, and media specific to this market - will be a great addition to our suite of offerings and provide material value to our clients" said Ben Doob, Head of ISS Market Intelligence (ISS MI).
"Clients will now have a comprehensive suite of solutions focused on this region, which will help them to understand their competitive position, identify and track product opportunities, and access support and guidance from an unmatched local team of industry experts. We are excited to welcome the Rainmaker team and their clients to the ISS MI family."
Led by founder, Christopher Page, and its existing leadership team, Rainmaker will join ISS MI and continue to focus on the expansion of its product suite and client engagement.
Going forward, ISS MI will add new capabilities to the Rainmaker platform, consistent with its product offerings in other major global markets. The combined offering will provide clients with a more seamless global solution for their financial services market data and intelligence needs.
"The Rainmaker team is thrilled to join ISS MI and continue our efforts to deliver market leading solutions to our clients that empowers them to grow their business," said Rainmaker founder, Christopher Page.
"ISS' global platform and established data capabilities provides significant opportunities to scale our solutions further - both domestically and across the region - as well as to accelerate the delivery of new research, analytics and insight capabilities to our clients."
Contact our Business Development team to receive further details of Rainmaker's products and services.
Total risk market inflows were down a marginal 0.6% over the year to June 2024, decreasing from $18.3 billion to $18.2 billion.
Dual access ETPs, which are transacted both on stock exchanges and off-market through funds managers, can cost four times as much as the rest of the Australian ETP market.
