Discovery Data, the leading provider of data on firms and professionals in the financial services and insurance industries, announced it has acquired essentially all the business assets of Financial Media Group. The acquisition expands Discovery Data's client coverage to 1,200 institutions and over 20,000 users across asset managers, wealth advisors, custodians, clearing firms, insurance companies and service providers. “I am excited to welcome our new clients from Financial Media Group,” stated Bob Herrmann, CEO of

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New York based private equity firm Bregal Sagemount announced this morning that it has acquired Discovery Data, Inc., the leading provider of data on retail financial services industry firms and professionals, from Ipreo, LLC. As part of the transaction, Discovery Data also acquired Meridian-IQ, a provider of online databases and advisor market information. Bregal Sagemount’s growth-focused investment helped facilitate the combination of the two businesses, and establishes Discovery Data as the leading provider in the

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