Wireless infrastructure market analyst MoffettNathanson announced yesterday it is being acquired by SVB Financial Group (NASDAQ: SIVB), the parent company of Silicon Valley Bank.
“SVB’s deep relationships with the world’s leading innovators will not only bring our clients unique opportunities to participate in the value creation cycle of earlier-stage growth companies,” said Craig Moffett, founding partner, MoffettNathanson, “they will also provide our analysts with unique insights into the competitive forces that will shape the destinies of the largest companies in our coverage universe.”
Since its founding in 2013, MoffettNathanson has provided market analysis for technology equity research. As the firm has grown, it has added coverage of the Media, Communications, Internet, Fintech, Software and Services sectors. MoffettNathanson’s Senior Research Analysts Craig Moffett, Michael Nathanson and Lisa Ellis have each been ranked the #1 analyst in their respective sectors by the Institutional Investor All-America Research Team, as well as by other leading surveys of institutional investors.
“The MoffettNathanson team has built an incredible reputation as a leader in equity research,” said Greg Becker, President and CEO of SVB Financial. “The addition of technology equity research is another important step in further solidifying our place as the essential partner to innovation economy clients. I’m proud to welcome the MoffettNathanson team to SVB and continue to strengthen the capabilities of our investment banking practice.”
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