M&A
CoreLogic, a global provider of property information, insight, analytics and data-enabled solutions, announced the Company has completed the acquisition of HomeVisit from Breakaway Holdings, LLC. HomeVisit is a provider of marketing focused real estate solutions, including property listing photography, videography, 3D modeling, drone imagery, and related services.
People
Digital Asset, the provider of distributed ledger technology (DLT), announced that Blythe Masters, the company’s CEO since 2015, has requested to step down as CEO for personal reasons. AG Gangadhar, who joined the company’s Board of Directors in April, has been appointed the Board Chairman and will serve as the acting CEO until a permanent CEO is named. Masters will remain involved in the company as a board member, strategic advisor and shareholder.
Bart Murphy, an innovative technology leader with significant application development and infrastructure management experience, has been named Chief Technology and Information Officer of OCLC. Murphy’s technology experience spans a diverse set of organizations and industries. Murphy will oversee OCLC’s global engineering centers.
Product
Experian announced it will launch Experian Boost, a free online platform that allows consumers to instantly influence their credit scores. Through the new platform, consumers can grant permission for Experian Boost to connect to their online bank accounts to identify and access utility and telecommunications payments. After a consumer verifies the data and confirms they want it added to their Experian credit file, an updated FICO Score is delivered in real time.
- Kevan Huston
Showing posts with label M&A. Show all posts
Showing posts with label M&A. Show all posts
Wednesday, December 26, 2018
Saturday, December 15, 2018
Week in Review, 12/15/2018
Product
LexisNexis Risk Solutions is proud to announce exciting new functionality available in their LexisNexis online research applications. The online research applications you know and use today to conduct investigations and due diligence have been enhanced to extend research across external web and open source solutions. The LexisNexis Integrated Web Search enables a search of the internet without manually opening a browser or inputting search criteria. 12/13/2018
The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced it has partnered with Xceptor, the provider of data-centric intelligent automation software, to enable clients to leverage Xceptor’s data transformation capabilities within DTCC’s Global Trade Repository (GTR) for Securities Financing Transactions Regulation (SFTR).
M&A
MidOcean Partners announced its acquisitions and merger of HW Holdco, LLC (“Hanley Wood”), the B2B media and information services company serving the U.S. residential construction industry, and Meyers Research, LLC, the provider of real-time market data and advisory services to the homebuilding industry. The merger creates one of the residential construction industry’s most comprehensive information and advisory services platforms. 12/13/2018.
Nasdaq announced it has acquired Quandl, Inc., a provider of alternative and core financial data. The company offers a global database of alternative, financial and public data, including information on capital markets, energy, shipping, healthcare, education, demography, economics and society. Nasdaq plans to combine Quandl with its existing Analytics Hub business within Global Information Services.
Executive Changes
S&P Global announced that effective January 2, 2019, Martina Cheung, currently Executive Managing Director, Head of Risk Services will be named President of S&P Global Market Intelligence. Mike Chinn, President S&P Global Market Intelligence and Executive Vice President, Data & Technology, has informed S&P Global of his decision to leave the Company in March 2019.
LexisNexis Risk Solutions is proud to announce exciting new functionality available in their LexisNexis online research applications. The online research applications you know and use today to conduct investigations and due diligence have been enhanced to extend research across external web and open source solutions. The LexisNexis Integrated Web Search enables a search of the internet without manually opening a browser or inputting search criteria. 12/13/2018
The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced it has partnered with Xceptor, the provider of data-centric intelligent automation software, to enable clients to leverage Xceptor’s data transformation capabilities within DTCC’s Global Trade Repository (GTR) for Securities Financing Transactions Regulation (SFTR).
M&A
MidOcean Partners announced its acquisitions and merger of HW Holdco, LLC (“Hanley Wood”), the B2B media and information services company serving the U.S. residential construction industry, and Meyers Research, LLC, the provider of real-time market data and advisory services to the homebuilding industry. The merger creates one of the residential construction industry’s most comprehensive information and advisory services platforms. 12/13/2018.
Nasdaq announced it has acquired Quandl, Inc., a provider of alternative and core financial data. The company offers a global database of alternative, financial and public data, including information on capital markets, energy, shipping, healthcare, education, demography, economics and society. Nasdaq plans to combine Quandl with its existing Analytics Hub business within Global Information Services.
Executive Changes
S&P Global announced that effective January 2, 2019, Martina Cheung, currently Executive Managing Director, Head of Risk Services will be named President of S&P Global Market Intelligence. Mike Chinn, President S&P Global Market Intelligence and Executive Vice President, Data & Technology, has informed S&P Global of his decision to leave the Company in March 2019.
Monday, December 10, 2018
Week In Review, 12/8/2018
M&A
TheStreet., a financial news and information company, announced that it has entered into a definitive purchase agreement to sell its institutional business units, The Deal and BoardEx, for $87.3 million to Euromoney Institutional Investor, the global business information and events group. The decision to sell the institutional business is part of the Board's ongoing review of strategic alternatives to enhance shareholder value. 12/6/2018
Verisk, a data analytics provider, has signed a definitive agreement to acquire Rulebook, an provider of business intelligence and software solutions for the London Insurance Market. Rulebook’s proprietary, uniquely distinctive pricing engine can be used for internal pricing and underwriting as well as external distribution for the specialty insurance market through its Rulebook Hub platform. 12/3/2018
New Mountain Capital and Vestar Capital Partners announced they have closed the transaction through which Vestar will lead a new investment in Information Resources, Inc. Under the terms of the agreement, initially announced on November 15, 2018, New Mountain and Vestar will jointly govern IRI. Jeffrey Ansell, a Vestar Senior Advisor and IRI Board member since 2011, will serve as Chairman of IRI. 12/3/2018
Nexstar Media Group and Tribune Media Company announced that they have entered into a definitive merger agreement whereby Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share in a cash transaction that is valued at $6.4 billion including the assumption of Tribune Media’s outstanding debt. The transaction has been approved by the boards of directors of both companies and is expected to close late in the third quarter of 2019.12/3/2018
Product
Nasdaq announced it launched a Corporate Bond exchange for listing and trading of corporate bonds. The Securities and Exchange Commission approved this exchange on November 13, 2018. This new exchange will run on the Nasdaq Stock Market license and will be powered by the Nasdaq Financial Framework, Nasdaq’s next generation market infrastructure technology platform. 12/6/2018
Dow Jones Risk & Compliance has launched ExImCheck (‘Export-Import Check’), a new solution that enables efficient, auditable checks for trade compliance risk. ExImCheck is a web-based tool that allows financial services firms and international trading companies to search for dual-use goods, counterparties, locations or vessels through a simple user interface. 12/4/2018
Partnerships
Moody’s Analytics and Oliver Wyman have announced a new collaboration in Canada, the United States, and Germany as part of the Moody’s Analytics PartnerAlliance Program. Through this partnership, Moody’s Analytics and the actuarial practice of Oliver Wyman will work together to offer insurers expertise and solutions to help them efficiently address International Financial Reporting Standard (IFRS) 17, the new standard governing insurance contracts. 12/4/2018
Layoffs
Thomson Reuters is eliminating 12% of its global workforce. The news and information company is drastically shrinking its staff, cutting 3,200 jobs and closing 55 offices by 2020. Reuters says it will employ roughly 23,800 people -- down from its current workforce of 27,000. 12/4/2018
- Kevan Huston
TheStreet., a financial news and information company, announced that it has entered into a definitive purchase agreement to sell its institutional business units, The Deal and BoardEx, for $87.3 million to Euromoney Institutional Investor, the global business information and events group. The decision to sell the institutional business is part of the Board's ongoing review of strategic alternatives to enhance shareholder value. 12/6/2018
Verisk, a data analytics provider, has signed a definitive agreement to acquire Rulebook, an provider of business intelligence and software solutions for the London Insurance Market. Rulebook’s proprietary, uniquely distinctive pricing engine can be used for internal pricing and underwriting as well as external distribution for the specialty insurance market through its Rulebook Hub platform. 12/3/2018
New Mountain Capital and Vestar Capital Partners announced they have closed the transaction through which Vestar will lead a new investment in Information Resources, Inc. Under the terms of the agreement, initially announced on November 15, 2018, New Mountain and Vestar will jointly govern IRI. Jeffrey Ansell, a Vestar Senior Advisor and IRI Board member since 2011, will serve as Chairman of IRI. 12/3/2018
Nexstar Media Group and Tribune Media Company announced that they have entered into a definitive merger agreement whereby Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share in a cash transaction that is valued at $6.4 billion including the assumption of Tribune Media’s outstanding debt. The transaction has been approved by the boards of directors of both companies and is expected to close late in the third quarter of 2019.12/3/2018
Product
Nasdaq announced it launched a Corporate Bond exchange for listing and trading of corporate bonds. The Securities and Exchange Commission approved this exchange on November 13, 2018. This new exchange will run on the Nasdaq Stock Market license and will be powered by the Nasdaq Financial Framework, Nasdaq’s next generation market infrastructure technology platform. 12/6/2018
Dow Jones Risk & Compliance has launched ExImCheck (‘Export-Import Check’), a new solution that enables efficient, auditable checks for trade compliance risk. ExImCheck is a web-based tool that allows financial services firms and international trading companies to search for dual-use goods, counterparties, locations or vessels through a simple user interface. 12/4/2018
Partnerships
Moody’s Analytics and Oliver Wyman have announced a new collaboration in Canada, the United States, and Germany as part of the Moody’s Analytics PartnerAlliance Program. Through this partnership, Moody’s Analytics and the actuarial practice of Oliver Wyman will work together to offer insurers expertise and solutions to help them efficiently address International Financial Reporting Standard (IFRS) 17, the new standard governing insurance contracts. 12/4/2018
Layoffs
Thomson Reuters is eliminating 12% of its global workforce. The news and information company is drastically shrinking its staff, cutting 3,200 jobs and closing 55 offices by 2020. Reuters says it will employ roughly 23,800 people -- down from its current workforce of 27,000. 12/4/2018
- Kevan Huston
Friday, November 30, 2018
Week in Review, 12/1/2018
Product
IHS Markit announced a new service that administers FIX connectivity for asset managers. The new offering enhances the managed service version of thinkFolio, the order management and portfolio modeling solution from IHS Markit. By managing FIX connectivity on customers’ behalf, IHS Markit helps firms reduce cost and the technical complexity of self-administering a FIX network. 11/27/2018.
China will allow overseas credit information firms to participate in a nationwide credit information monitoring system that the central bank is building, according to the China Daily newspaper, citing a senior central bank official. US credit information servicer Dun & Bradstreet had registered with the central bank in 2017 to be a part of the scheme. 11/25/2018.
Corporate Restructuring
Refinitiv, a financial data and trading company, is planning to cut about 2,000 jobs after its takeover by private-equity firm Blackstone Group LP. The group is looking to strip out $650 million of costs in a bid to reshape and compete better with rival Bloomberg LP amid an increasing demand for data from banks and fund managers. 11/28/2018.
People
Chris Stibbs has stepped down as chief executive of The Economist after five years. The succession process could take between six and 12 months. Stibbs will remain in his role until The Economist Group’s board appoints a successor. Stibbs’ departure follows several high-level exits at The Economist this year, including chief technology officer Michael Brincat, chief financial officer Toby Burton, and group president Paul Rossi. 11/27/2018.
Bob Sauerberg will depart as CEO of Condé Nast, which plans to merge U.S. and international operations and has launched a search for a new chief exec to run the company as a global media entity. Sauerberg will continue as CEO of Condé Nast U.S. until the new global chief executive is on board. He will continue to represent Advance (Condé Nast’s parent company) on the board of Reddit, in which Advance holds a minority stake. 11/27/2018.
Stephen C. Daffron has agreed to join Dun & Bradstreet as President. Mr. Daffron will bring decades of senior leadership experience, operational excellence and a deep knowledge of financial services technology, data and analytics to the Company.
IHS Markit announced a new service that administers FIX connectivity for asset managers. The new offering enhances the managed service version of thinkFolio, the order management and portfolio modeling solution from IHS Markit. By managing FIX connectivity on customers’ behalf, IHS Markit helps firms reduce cost and the technical complexity of self-administering a FIX network. 11/27/2018.
China will allow overseas credit information firms to participate in a nationwide credit information monitoring system that the central bank is building, according to the China Daily newspaper, citing a senior central bank official. US credit information servicer Dun & Bradstreet had registered with the central bank in 2017 to be a part of the scheme. 11/25/2018.
Corporate Restructuring
Refinitiv, a financial data and trading company, is planning to cut about 2,000 jobs after its takeover by private-equity firm Blackstone Group LP. The group is looking to strip out $650 million of costs in a bid to reshape and compete better with rival Bloomberg LP amid an increasing demand for data from banks and fund managers. 11/28/2018.
People
Chris Stibbs has stepped down as chief executive of The Economist after five years. The succession process could take between six and 12 months. Stibbs will remain in his role until The Economist Group’s board appoints a successor. Stibbs’ departure follows several high-level exits at The Economist this year, including chief technology officer Michael Brincat, chief financial officer Toby Burton, and group president Paul Rossi. 11/27/2018.
Bob Sauerberg will depart as CEO of Condé Nast, which plans to merge U.S. and international operations and has launched a search for a new chief exec to run the company as a global media entity. Sauerberg will continue as CEO of Condé Nast U.S. until the new global chief executive is on board. He will continue to represent Advance (Condé Nast’s parent company) on the board of Reddit, in which Advance holds a minority stake. 11/27/2018.
Stephen C. Daffron has agreed to join Dun & Bradstreet as President. Mr. Daffron will bring decades of senior leadership experience, operational excellence and a deep knowledge of financial services technology, data and analytics to the Company.
Rumor Mill: BC Partners Looking for Acuris Exit
Acuris, a news publisher for the corporate finance sector, may soon be up for sale. BC Partners are reportedly looking at an exit:
Acuris is a corporate and organizational rebrand of MergerMarket, which now includes several other businesses, including DebtWire, Unquote, Xtract, among others. Acuris most recently purchased Spark Spread, a utilities information provider, and plans to roll it into its Inframation product.
Singapore wealth fund GIC owns a minority stake.
- Kevan Huston
The sources said BC Partners was looking to start an auction process early next year and was working closely with the management team to prepare the financial documentation for potential bidders.https://www.pehub.com/2018/11/bc-partners-gears-up-to-sell-financial-media-firm-acuris-reuters/
Acuris is a corporate and organizational rebrand of MergerMarket, which now includes several other businesses, including DebtWire, Unquote, Xtract, among others. Acuris most recently purchased Spark Spread, a utilities information provider, and plans to roll it into its Inframation product.
Singapore wealth fund GIC owns a minority stake.
- Kevan Huston
Friday, November 9, 2018
Week in Review - 11/10/2018
Analysis
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
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.
|
|
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
|
Friday, November 2, 2018
Week in Review 11/3/2018
M&A
Singapore Press Holdings (SPH) is divesting its entire stake in wholly-owned subsidiary ShareInvestor.com Holdings for $17 million, in a management buyout by ShareInvestor's chief executive officer Christopher Lee and chief operating officer Lim Dau Hee. 10/31/2018
Product
Refinitiv Launches Quantitative Analytics Platform QA Direct in the Cloud with Microsoft Azure
Building on its commitment towards consumption of its financial data in the Cloud, Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has launched its quantitative analytics platform QA Direct in the Cloud through Microsoft Azure. 11/1/2018.
S&P Platt's & International Exchange announced the launch of a new suite of North American natural gas indices to better capture dramatically altered supply and demand flows, regional price differentials and increased spot market volatility in the US and Canada. 11/1/2018.
IRI releases IRI Complete Audiences, which combines IRI’s audience targeting solutions to help advertisers select an audience composition that best fits their campaign objectives. 11/1/2018.
Equifax announced two new attribute solutions for clients, specifically in the areas of alternative data and machine learning. These attributes will help customers expedite innovation, support faster decisions, and improve speed-to-market. 10/29/2018.
Partnerships
Big Squid announces its recently-signed partnership with Tableau to bring its automated machine learning platform, Kraken, to Tableau customers.
Private Equity
Backstop Solutions - provider of cloud-based efficiency software for the institutional investment industry, raised $20 million in funding this week in a round led by Vistara Capital Partners, veteran asset management investor Roger Kafker, former COO of Morningstar Tao Huang and President of Huizenga Capital Management David Bradley. 11/1/2018.
Consilium Crypto - Developer of a data capturing platform designed to extract financial data from the market news. They received CA$125K from Holt Incubator. 9/17/2018.
Sentieo - Provider of a financial data platform intended to facilitate research on equity and investment portfolios for making investment decisions.
The company raised $19 million of Series A venture funding in a deal led by Centana Growth Partners on October 30, 2018, putting the company's post-money valuation at $58.4 million. 10/30/2018.
Singapore Press Holdings (SPH) is divesting its entire stake in wholly-owned subsidiary ShareInvestor.com Holdings for $17 million, in a management buyout by ShareInvestor's chief executive officer Christopher Lee and chief operating officer Lim Dau Hee. 10/31/2018
Product
Refinitiv Launches Quantitative Analytics Platform QA Direct in the Cloud with Microsoft Azure
Building on its commitment towards consumption of its financial data in the Cloud, Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has launched its quantitative analytics platform QA Direct in the Cloud through Microsoft Azure. 11/1/2018.
S&P Platt's & International Exchange announced the launch of a new suite of North American natural gas indices to better capture dramatically altered supply and demand flows, regional price differentials and increased spot market volatility in the US and Canada. 11/1/2018.
IRI releases IRI Complete Audiences, which combines IRI’s audience targeting solutions to help advertisers select an audience composition that best fits their campaign objectives. 11/1/2018.
Equifax announced two new attribute solutions for clients, specifically in the areas of alternative data and machine learning. These attributes will help customers expedite innovation, support faster decisions, and improve speed-to-market. 10/29/2018.
Partnerships
Big Squid announces its recently-signed partnership with Tableau to bring its automated machine learning platform, Kraken, to Tableau customers.
Private Equity
Backstop Solutions - provider of cloud-based efficiency software for the institutional investment industry, raised $20 million in funding this week in a round led by Vistara Capital Partners, veteran asset management investor Roger Kafker, former COO of Morningstar Tao Huang and President of Huizenga Capital Management David Bradley. 11/1/2018.
Consilium Crypto - Developer of a data capturing platform designed to extract financial data from the market news. They received CA$125K from Holt Incubator. 9/17/2018.
Sentieo - Provider of a financial data platform intended to facilitate research on equity and investment portfolios for making investment decisions.
The company raised $19 million of Series A venture funding in a deal led by Centana Growth Partners on October 30, 2018, putting the company's post-money valuation at $58.4 million. 10/30/2018.
Friday, October 26, 2018
Week in Review 10/27/2018
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
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
Friday, October 19, 2018
Week in Review - 10/20/2018
Notable M&A, product releases and people moves for the week ending 10/20/2018:
M&A
Argus, a commodities price reporting agency, bought Integer Research, a provider of market intelligence to the chemicals and fertilizer industry. The acquisition adds to Argus's presence in the fertilizer sector, having purchased FMB Consultants in 2011. Terms were not disclosed. 10/18/2018.
Dodge, the construction market research firm, purchased Integrated Marketing Systems, a provider of data and intelligence on public sector construction opportunities. Terms weren't released. 10/17/2018.
Newsweek Media Group completed its bifurcation into two separate entities, Newsweek and IBT Media. IBT Media will consist of the International Business Times, Player.One, Latin Times, Fashion Times and Medical Daily. Newsweek will consist of the eponymous magazine as well as its overseas editions. 10/10/2018.
Product
Financial Times is moving to gamify news by launching "Knowledge Builder" This is a product of the FT's partnership with :CRUX to enhance the personalization experience for FT readers. The product should provide improved content recommendations for users and increase engagement - leading to higher revenues for the FT.
FT's James Webb: "If we can get disengaged users to visit one extra time every 90 days and read just one extra article on a topic they are already engaged on, this could be worth up to £1.5 million a year."
The FT enterprise model is based on the concept of "core" readers, typically defined as a user who views 9 or more articles in a given month over the contract year. The Knowledge Builder recommendation engine will increase usage and thereby increase the number of "core" readers - and thus licensing fees. 10/17/2018.
IHS Markit announced a portal that consolidates data for market participants in the syndicated loan market. The portal offers consolidated data on position reconciliation, asset servicing and loan referencing. It is said to be the first and only service in the loan market to integrate data from multiple agent technology systems to deliver a unified view of positions and servicing activity to lenders. 10/10/2018.
Partnerships & Channels
Refinitiv have announced its data will be integrated with Microsoft applications and services. Refinitiv's financial and markets data and news will be integrated in Microsoft applications and services, including Microsoft Excel, MSN Money, and Bing. 10/16/2018.
M&A
Argus, a commodities price reporting agency, bought Integer Research, a provider of market intelligence to the chemicals and fertilizer industry. The acquisition adds to Argus's presence in the fertilizer sector, having purchased FMB Consultants in 2011. Terms were not disclosed. 10/18/2018.
Dodge, the construction market research firm, purchased Integrated Marketing Systems, a provider of data and intelligence on public sector construction opportunities. Terms weren't released. 10/17/2018.
Newsweek Media Group completed its bifurcation into two separate entities, Newsweek and IBT Media. IBT Media will consist of the International Business Times, Player.One, Latin Times, Fashion Times and Medical Daily. Newsweek will consist of the eponymous magazine as well as its overseas editions. 10/10/2018.
Product
Financial Times is moving to gamify news by launching "Knowledge Builder" This is a product of the FT's partnership with :CRUX to enhance the personalization experience for FT readers. The product should provide improved content recommendations for users and increase engagement - leading to higher revenues for the FT.
FT's James Webb: "If we can get disengaged users to visit one extra time every 90 days and read just one extra article on a topic they are already engaged on, this could be worth up to £1.5 million a year."
The FT enterprise model is based on the concept of "core" readers, typically defined as a user who views 9 or more articles in a given month over the contract year. The Knowledge Builder recommendation engine will increase usage and thereby increase the number of "core" readers - and thus licensing fees. 10/17/2018.
IHS Markit announced a portal that consolidates data for market participants in the syndicated loan market. The portal offers consolidated data on position reconciliation, asset servicing and loan referencing. It is said to be the first and only service in the loan market to integrate data from multiple agent technology systems to deliver a unified view of positions and servicing activity to lenders. 10/10/2018.
Partnerships & Channels
Refinitiv have announced its data will be integrated with Microsoft applications and services. Refinitiv's financial and markets data and news will be integrated in Microsoft applications and services, including Microsoft Excel, MSN Money, and Bing. 10/16/2018.
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