Press Release

Charles River® Development Announces Collaboration with Precisely to Incorporate Enterprise Data Governance in State Street AlphaSM Data Platform

Boston — February 10, 2022 — Charles River Development, a State Street Company, today announced a collaboration with Precisely,  a global leader in data integrity. Precisely’s data governance solution, Data360 Govern, will be incorporated into the State Street Alpha℠ Data Platform (ADP) to provide streamlined governance, lineage, and cataloging capabilities.

Charles River’s cloud-deployed front office technology together with State Street’s middle and back office capabilities form the foundation of State Street Alpha, the industry’s first front-to-back platform from a single provider. Alpha enables firms to gain faster risk and investment insights, better serve their clients and bring new products to market faster. State Street Alpha Data Platform, powered by the Snowflake Data Cloud, radically simplifies data management for investment firms and asset owners by enabling frictionless data access, data sharing and enterprise data management.

Data360 Govern is a data governance, catalog, and metadata management solution that provides firms with confidence in the quality, value, and trustworthiness of their data. It automates governance and stewardship tasks to help investment professionals answer essential questions about their data’s source, use, meaning, ownership, and quality and provides a seamless user experience for managing data quality and governance.

“Investment managers and asset owners continue to grapple with multiple challenges leveraging the growing volume of structured and unstructured data generated by their investment processes and external sources,” said Jeff Shortis, Product Owner, State Street Alpha Data Platform. “Partnering with innovative technology providers like Precisely enables us to accelerate time to market for new and differentiated capabilities in the Alpha Data Platform.”

“We are thrilled to partner with Charles River as they build out the Alpha Data Platform,” said Emily Washington, Senior Vice President, Product Management at Precisely. “Our technology facilitates data governance and metadata management to enable a data marketplace to help Alpha clients mature their data strategy, and ultimately build a foundation of data integrity for more confident decision-making.”

About Precisely
Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 97 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at precisely.com.

About Charles River, A State Street Company
Investment, wealth and alternative managers, asset owners and insurers in 30 countries rely on Charles River IMS to manage USD $36 Trillion in assets. Together with State Street’s middle and back office services, Charles River’s cloud-deployed front office technology forms the foundation of State Street Alpha℠. Charles River helps automate and simplify the investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River’s partner ecosystem enables clients to access the data, analytics, application and liquidity providers that support their product and asset class mix. We serve clients globally with more than 1,200 employees in 11 regional offices.
(Statistics as of Q4 2021)

About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $43.7 trillion in assets under custody and/or administration and $4.1 trillion* in assets under management as of December 31, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.

*Assets under management as of December 31, 2021 includes approximately $61 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

©2022 State Street Corporation – All Rights Reserved
State Street Corporation, One Lincoln St, Boston MA 02111
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Charles River Development – A State Street Company is a wholly owned business of State Street Corporation (incorporated in Massachusetts).

This document and information herein (together, the “Content”) is subject to change without notice based on market and other conditions and may not reflect the views of State Street Corporation and its subsidiaries and affiliates (“State Street”).  The Content is provided only for general informational, illustrative, and/or marketing purposes, or in connection with exploratory conversations; it does not take into account any client or prospects particular investment or other financial objectives or strategies, nor any client’s legal, regulatory, tax or accounting status, nor does it purport to be comprehensive or intended to replace the exercise of a client or prospects own careful independent review regarding any corresponding investment or other financial decision. The Content does not constitute investment research or legal, regulatory, investment, tax or accounting advice and is not an offer or solicitation to buy or sell securities or any other product, nor is it intended to constitute any binding contractual arrangement or commitment by State Street of any kind. The Content provided was prepared and obtained from sources believed to be reliable at the time of preparation, however it is provided “as-is” and State Street makes no guarantee, representation, or warranty of any kind including, without limitation, as to its accuracy, suitability, timeliness, merchantability, fitness for a particular purpose, non-infringement of third-party rights, or otherwise. State Street disclaims all liability, whether arising in contract, tort or otherwise, for any claims, losses, liabilities, damages (including direct, indirect, special or consequential), expenses or costs arising from or connected with the Content. The Content is not intended for retail clients or for distribution to, and may not be relied upon by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation. The Content provided may contain certain statements that could be deemed forward-looking statements; any such statements or forecasted information are not guarantees or reliable indicators for future performance and actual results or developments may differ materially from those depicted or projected. Past performance is no guarantee of future results. No permission is granted to reprint, sell, copy, distribute, or modify the Content in any form or by any means without the prior written consent of State Street.

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