Livonia’s Escalent, a human behavior and data analytics firm, Tuesday announced its acquisition of Javelin Strategy and Research in California from Connecticut-based Greenwich Associates. Javelin is a research advisory firm with expertise in the digital financial ecosystem. Details of the agreement were not disclosed.
The acquisition expands Escalent’s presence in retail and small business banking. The acquisition was completed on Dec. 30.
Javelin offers analysis of financial services market and technology trends with expertise in digital banking, payments, fraud and security, and lending. Its clients include financial institutions, government agencies, payments companies, merchants, fintechs, and technology providers.
“This acquisition allows Escalent to provide its clients with a fully integrated customer experience in the new digital financial ecosystem, and it gives Javelin clients access to a bench of financial industry expertise and consulting for deeper, more comprehensive engagements,” says Melissa Sauter, CEO of Escalent. “In addition, both Escalent and Javelin share a culture of total commitment to relentless employee and customer happiness, so it’s a great fit.”
Javelin will retain its office, name, and employees. The companies are working to create a smooth transition.
“We are eager to join forces with a firm that has a history of helping organizations solve complex strategic challenges,” says Jacob Jegher, president of Javelin. “Financial services is inextricably linked to digital, and that connection will continue to deepen. This union provides an opportunity to create new analyst advisory services with an established team to be a leading source of consulting and thought leadership.”
Marlin and Associates acted as the exclusive strategic and financial adviser to Greenwich Associates on the divestiture of the Javelin division.