Scale Finance Closes Sale of Meridian-IQ to Discovery Data

Meridian-IQ, a highly innovative provider of online databases and technology to the financial services industry, closed a successful sale of its assets to Discovery Data (

Scale Finance provided Controller and business valuation services to Meridian-IQ and advised on this complex transaction involving Discovery Data’s spinout from Ipre, LLC with financing by private equity group Bregal Sagemount.

The acquisition expands Discovery Data’s client coverage to nearly 900 institutions and over 20,000 users across asset managers, wealth managers, custodians, clearing firms, insurance companies and service providers.

The acquisition brings the following benefits to Discovery, including:

  • Discovery Data to provide its premium products and services to Meridian-IQ clients
  • Resulting in nearly 900 institutions and over 20,000 users of Discovery Data
  • All clients benefiting from expanded resources and key product investments
  • Discovery Data spins back out of Ipreo with major private equity investment

“I am delighted to welcome our new clients from Meridian-IQ,” stated Bob Herrmann, CEO of Discovery Data. “I am also excited for our existing clients who will benefit from the significant immediate investments we are making to accelerate product enhancements. If your objective is to identify, reach and do business with the financial services industry, Discovery Data is the solution.”

Scale Finance Managing Director Gerhard Renner advised the management team of Meridian-IQ on this strategic transaction. Scale Finance also provided accounting & due diligence support, and will continue to serve in that capacity at Discovery Data. Terms of the transaction were not disclosed.

About Scale Finance

Scale Finance LLC ( provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices throughout the southeast including Charlotte, Raleigh/Durham, Greensboro, and Wilmington, with a team of more than 45 professionals serving more than 120 companies throughout the region.