M&A
Oracle buys DataFox, a provider of so-called predictive intelligence. Oracle intends to integrate DataFox's company-level data into its existing portfolio of business planning services like ERP, CX, HCM and SCM.
No word on whether the Oracle buy validates the claimed quality of DataFox's private company information - because it doesn't. AI and human-power intelligence-gathering can only take you so far without audited financial data. Beware claims of "more accurate" private company data - such claims cannot be independently verified. Smoke, mirrors, clever marketing and aggressive sales strategies don't make private company data any more reliable than it's ever been. Terms not disclosed. 10/22/2018.
Thomson Reuters to acquire Integration Point, a global trade management provider. With the completion of Thomson's sale of it's Finance and Risk businesses to Blackstone, the Canadian media conglomerate can turn its attention to building out its legal, tax and regulatory businesses.
Integration Point will compliment Thomson's Onesource product. Terms were not disclosed. 10/23/2018.
Product
DTCC Launches Equity Kinetics for US Equities. The product will provide institutional investors with a comprehensive depth of market view of activity across all U.S. equity trading venues. 10/22/2018.
Nice Actimize launches AI Powered insight platform. X-Sight, an advanced machine-learning based Platform-as-a-Service designed to power the industry's first financial crime risk management marketplace. 10/17/2018.
MarketWatch.com bows first print publication. In a nod to 1998 (or something), MarketWatch has launched a print publication to compliment its flagship website. 10/17/2018.
Partnerships
S&P and Wolters Kluwer partner on CECL product called OneSumX CECL.
Waters: "The OneSumX CECL product integrates Wolter Kluwer’s finance, risk and reporting platform for data governance and management, credit risk models, credit loss calculations, and accounting and disclosures, with S&P’s credit scorecards, analytics, and the accompanying benchmark data to aid with CECL compliance." 10/26/2018.
Analysis
The New Oil Rush: An Examination of the Alternative Data Market. Waters. 10/25/2018.
"Banks are looking to cash in on the alternative data boom, but an in-depth investigation of the alternative data market shows that they may be in for an uphill battle to claim territory."
Startup Central
RumorHound
- Data on M&A rumors delivered in real-time and tagged with credibility scores.
PatSnap
- Data on intellectual property with specialized products in biologicals and chemicals. Founded in 2007; 445 employees.
- Kevan Huston
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