NEW YORK (PRWEB) September 25, 2019
Dealogic announced today that it has acquired Selerity, a content analytics company. Financial terms were not disclosed.
Headquartered in New York and Chicago, Selerity is a leading provider of unstructured data solutions that power automation for the world’s largest asset managers, banks, exchanges, and retail brokers.
“Selerity’s proven technology and deep expertise in A.I. will catalyze Dealogic’s next-generation products and bring new machine learning capabilities to the systems that power our solutions,” said Jody Drulard, CEO of Dealogic.
Ryan Terpstra, Selerity’s CEO and Founder, said, “Dealogic’s global customer footprint, combined with their content and data assets, will serve as a powerful platform to grow Selerity’s business. Leveraging Dealogic’s capabilities, Selerity has a tremendous opportunity to accelerate growth in its core markets, but also penetrate new industry verticals.”
Broadhaven Capital Partners advised Selerity with Latham & Watkins LLP serving as legal counsel.
Selerity is a financial technology company using proprietary A.I. to deliver content and data solutions designed to automate inefficient workflows in finance. The Company's clients range from sophisticated asset management firms and banks on Wall Street to innovative media and technology companies serving retail investors. Selerity's flagship product, Selerity Context, offers contextual search solutions for the capital markets and digital wealth industries, while the Company's Private Context Engine (PCE) analyzes digital communications to power workflow automation for credit investment professionals.
Dealogic offers integrated content, analytics, and technology via targeted products and services to financial firms worldwide. Whether working in capital markets, sales and trading, banking, or the buy-side, firms rely on Dealogic’s platform to connect and more effectively identify opportunities, execute deals, and manage risk. With 30 years’ experience and a deep understanding of financial markets, Dealogic is a trusted global partner.