Opalesque, an international media company that provides Internet-based hedge fund and alternative investments news services, acquired Carbon360 Research, a research firm covering technology and operations for the institutional investment management community.
The announcement was made today. Terms were not disclosed, said Denice Galicia, Opalesques marketing director.
Carbon360 will operate under its own name as a wholly owned subsidiary of Opalesque. Founder Brian Shapiro will remain as head of the firm for about a year, Ms. Galicia said.
Ms. Galicia added that Opalesque will be expanding Carbon360s capabilities with new hires later this year.