Greenwich Associates announced Monday it has agreed to acquire Javelin Strategy & Research of Pleasanton, Calif.
The Stamford, Conn. financial services consultancy said it is acquiring Javelin for its work in mobile and multichannel banking, payments, security and fraud, among other expertise.
Both companies said the deal is expected to be completed by the end of year. The financial terms of the acquisition were not immediately disclosed.
"I've had a very clear vision of what we want to create, for an industry that has been going through severe challenges," says Jim Van Dyke, president and founder of Javelin. "That vision includes offering real research (not just opinion only) that connects consumer value with what the industry should be investing in (and what regulators must increasingly focus on as well). I've been trying to do this as a self-funded independent company, but it's been taking too long and Greenwich offered a much faster route to expansion."
Van Dyke says Greenwich Associates' services complement Javelin's with no overlap.
"We instantly have global reach and can bring our depth in areas like mobile and fraud from our consumer market to their strength in wholesale, commercial and the asset sector," he says.
"Javelin provides exceptionally high quality research and insights in areas of critical importance in financial services," said Greenwich Associates chief executive Steve Busby, in a press release. "Clients of both Javelin and Greenwich Associates will benefit from the combined expertise of the two organizations in terms of better insights, faster access to data, product expansion, and an integrated view across both retail and commercial segments."