Informa Investment Solutions, a subsidiary of Informa which provides investment management software, has bought Zephyr Associates for $62 million in cash.

IIS offers investment content, wealth management analytics and reporting capabilities, while Zephyr provides analytical software tools for investment products and portfolios. Zephyr, which is headquartered in Nevada, will operate as a business unit within IIS. All staff including the senior team are staying on, a spokesperson for Informa told Family Wealth Report.

“Zephyr’s addition to the IIS family improves the functional footprint of the IIS suite, while the availability of IIS content will permit deeper analysis within the Zephyr toolkit,” said Will Clemens, chief executive of Zephyr.

As well as its headquarters, Zephyr has offices in New York and London. Its product line-up includes StyleADVISOR, AllocationADVISOR and Zephyr OnDEMAND.