Engagement — Platform Due Diligence
Code & Co provides Tech & Product Due Diligence to Aquiline ahead of its investment in Isio, a leading pensions, benefits and investment advisory in the UK.
Isio, one of the fastest growing pensions, reward and benefit and investment advisory businesses in the UK, has secured new investment from Aquiline Capital Partners LP (“Aquiline”), a private investment specialist in financial services and related technologies, to support the next phase of its growth. The investment, subject to regulatory requirements, will see Exponent, which has supported Isio from before its inception in March 2020 exit its investment in the business.
Scope of Work
Code & Co. performed a comprehensive analysis of Isio’s platform, which is used to support both outward-facing customer experiences and internal processes. This included an audit of its various system architectures, infrastructure, cybersecurity procedures, tech stack and machine learning/AI capabilities and plans. Additionally, Code & Co. assessed its KPIs and metrics used during product development, customer operations, and support processes. The R&D team structure, development, and quality procedures were also assessed.
About Isio
Isio is a leading independent UK provider of actuarial & consulting, pensions administration, investment advisory, employee reward & benefits and wealth advisory services. With a national team of 1,200 people across ten UK offices, Isio is committed to promoting financial wellbeing for all and works with companies, trustees and individuals to help them make informed decisions to protect their financial future.
About Aquiline
Founded in 2005, Aquiline is a private investment firm based in New York, London, Philadelphia, and Greenwich, Connecticut, that is dedicated to financial services and related technologies, with approximately $10.4 billion in assets under management as of 31 March 2024.