A new study from Element 22 finds that while large asset managers are investing in big data analytics and alternative data, it’s a fraught process. Those who are most aggressively pursuing advanced analytics and alternative data strategies are investing between 2-3% of annual revenues. 11/7/2018.
Private Equity
Pamlico Capital has agreed to make an investment in TRG Screen, a provider of enterprise subscription management solutions. No financial terms were disclosed. As a result of the transaction, Polaris Partners will exit its stake in TRG Screen. SunTrust Robinson Humphrey provided financial advice to Polaris Partners and TRG Screen. 11/7/2018.
Corporate
Thomson Reuters reported results for the third quarter ended September 30, 2018. The company also
reaffirmed and updated part of its Outlook for 2018 as previously provided in
May 2018. “Our third-quarter results continued to build on a solid first
half,” said Jim Smith, president and chief executive officer of Thomson
Reuters. “Accelerating sales momentum and strong recurring revenue growth
delivered our best top-line performance in more than two years.” 11/6/2018.
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Qualtrics sets an $18
to $21 price range for its IPO, which is about twice its original goal of
raising $200M. The range could also double the $2.5B valuation the startup
had at its last private funding round. In the first six months of this
year, Qualtrics reported a loss of $3.4M on $184.2M in revenue. 11/5/2018
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