BlackRock, Inc Strengths, Domain Expertise, and Key Differentiators
Aladdin and eFront enable investors to manage portfolios across public and private asset classes on a single platform, providing a whole portfolio view. Aladdin has always been at the core of BlackRock. It combines sophisticated risk analytics, exposure and performance analyses with comprehensive portfolio management, trading, compliance and operational tools on a single unified platform. Aladdin was first built to manage BlackRock’s business, and the firm continues to be the largest user of Aladdin today. Through Aladdin, the firm offers to clients the same technology and intellectual capital that BlackRock uses to manage investments day-to-day. This “provider/user” dynamic brings a higher level of discipline to Aladdin than typical third-party technology offerings.
BlackRock, Inc Recent Developments
In February 2021, Snowflake and BlackRock signed a partnership to combine BlackRock's Aladdin investment technology with Snowflake's Data Cloud. The combination will give Snowflake a big lift in the investment management industry. Under the partnership, Blackrock will launch Aladdin Data Cloud, an investment platform that will be powered by Snowflake.
In 2020, BlackRock launched Aladdin Climate, a software application offering investors measures of both the physical risk of climate change and the transition risk to a low-carbon economy on portfolios with climate-adjusted security valuations and risk metrics.
BlackRock Aladdin is built on an enterprise platform supported by Microsoft. The system's service-orientated architecture facilitates integration and allows for scaling of operations. The system was designed from inception to allow for rapid deployment. It can be set up, configured and ready in a matter of weeks, allowing you to quickly launch new product lines and/or distribution channels. The Aladdin system has been implemented at many leading insurance companies and administrators, including the insurance subsidiaries of three listed groups and a global online insurance distributor.
BlackRock, Inc Mergers and Acquisitions (M&A) Activities
In May 2019, BlackRock completed the acquisition of eFront, a investment management software and solutions provider. The combination of eFront with Aladdin will set a new standard in investment and risk management technology, vastly expanding Aladdin’s alternatives capabilities and providing a whole-portfolio technology solution to clients.
BlackRock, Inc Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying BlackRock, Inc applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of BlackRock, Inc and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Aladdin Enterprise, eFront, Aladdin Wealth, Aladdin Climate customers.
BlackRock, Inc Overview
Ownership: - NYSE: BLK
Number of Employees: 16200
Functional Markets: Analytics and BI, CRM, ERP Financial, ERP Services and Operations Management, TRM, PaaS,
Key Verticals: Banking and Financial Services, Federal Government, State and Local Government, Public Safety, Life Insurance, P&C Insurance, Specialty Insurance, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit,
BlackRock, Inc Key Enterprise and Cloud Applications
Aladdin Enterprise, eFront, Aladdin Wealth, Aladdin Climate
BlackRock, Inc Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
BlackRock, Inc Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
BlackRock, Inc Enterprise Applications Revenues By Functional Markets, $M:
BlackRock, Inc Enterprise Applications Revenues By Verticals, $M:
BlackRock, Inc Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
BlackRock, Inc Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
BlackRock, Inc Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified BlackRock, Inc Customers
No. of BlackRock, Inc Customers: 900
No. of BlackRock, Inc Enterprise Applications Customers: x
No. of BlackRock, Inc Cloud Customers: x
No. of BlackRock, Inc Cloud Subscribers: 55000
BlackRock serves a diverse mix of institutional and retail clients across the globe. Aladdin and eFront Clients include 900+ tax-exempt institutions, such as defined benefit and defined contribution pension plans, charities, foundations and endowments; official institutions, such as central banks, sovereign wealth funds, supranational and other government entities; taxable institutions, including insurance companies, financial institutions, corporations and third-party fund sponsors, and retail investors. Recent eFront customer wins include: Alternative Investment Capital, Brandon Capital Partners, Mizuho Global Alternative Investments, ACG Capital, Allianz, Aztec Group, CapMan, edc entreprises, Hony Capital, Industry Invesment, Korea Investment Corporation, Natixix, New Horizon, Partners Group, Opers, Stam Europe, Public Investment Corporation, Squadron Capital, Tiaa Cref, UniCredit, Banque Accord, La Banque Postale, BPCE, Harmonie Mutuelles, Sodexo, Acoss, Maif, Inter Mutuelles Assistance and many others.
BlackRock, Inc Market Opportunities, M&A and Geo Expansions
In January 2021, BlackRock Inc has a minority investment in Clarity AI, a sustainability analytics and data science platform, as the firm continues to invest in delivering sustainable investing analytics and software for clients. BlackRock will integrate Clarity AI’s capabilities with Aladdin, BlackRock’s end-to-end operating system for investment professionals.
BlackRock technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, Cachematrix and FutureAdvisor, as well as advisory services and solutions to a broad base of institutional and wealth management clients. BlackRock has 16,200 employees in more than 30 countries who serve clients in over 100 countries across the globe, approximately 50% of employees outside the United States serving clients locally and supporting local investment capabilities.
BlackRock, Inc Risks and Challenges
New business efforts depend on BlackRock’s ability to achieve clients’ investment objectives, in a manner consistent with their risk preferences, to deliver excellent client service and to innovate in technology to serve clients’ evolving needs. All of these efforts require the commitment and contributions of BlackRock employees. Accordingly, the ability to attract, develop and retain talented professionals is critical to the Company’s long-term success.
BlackRock, Inc Ecosystem, Partners, Resellers and SI
In May 2021, BlackRock has entered into a strategic partnership with FlexTrade Systems, Inc., a leading provider of performance, multi-asset execution management systems (EMS). The partnership is a commitment to further integrate FlexTrade’s capabilities with the Aladdin platform and jointly create enriched experiences for their common clients in the Aladdin community. FlexTrade’s deep expertise and sophisticated capabilities in the EMS space complement the Aladdin platform’s existing order execution management system (OEMS) capabilities. FlexTrade and Aladdin will deliver a tightly integrated, multi-asset solution to clients for the entire trading lifecycle.
BlackRock entrusted to manage assets on behalf of clients in over 100 countries around the world. These clients range is from the largest pension funds to individual financial advisors.
BlackRock, Inc Cloud Infrastructure Insights
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- BlackRock, Inc Public Cloud and Infrastructure (IaaS)
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- BlackRock, Inc Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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