Northlane Capital sells Discovery Data to Institutional Shareholder Services

Northlane Capital Partners said that it has divested its portfolio company Discovery Data Holdings to US-based proxy advisory firm Institutional Shareholder Services (ISS) for an undisclosed price.

Sean Eagle — Partner at Northlane Capital Partners said: “During our investment period, we worked closely with the Discovery team to accelerate growth by expanding its product offerings and enhancing its go-to-market strategy. Discovery has established itself as a true market leader offering mission-critical solutions to its customers, and we are confident in its continued success.”

Discovery Data caters to the financial services industry with data and information services. The company’s platform is said to help asset and wealth management firms, financial technology companies, insurance companies, and service providers to recognize their target markets and to detect, evaluate, and seize new opportunities.

Bob Skea — Discovery Data CEO said: “The sale of Discovery represents a successful conclusion to what was a great partnership with NCP.

“NCP has been highly additive throughout our partnership, and we are grateful for their support. We look forward to our next phase of growth as part of ISS.”