Weekly News: Week of 8/26/24

This Week’s Vendor News

NEW & UPDATED PRODUCTS

S&P Global Market Intelligence has launched the Visible Alpha AI Monitor. The AI Monitor tool includes consensus estimates across 66 publicly-traded US technology companies. This data was aggregated by leveraging sell-side analyst estimates and analysis of AI-exposed revenues in order to provide a snapshot of current and projected AI-related revenues for each company. By analyzing AI-exposed revenues, the tool helps analysts, investment managers and corporate strategists pinpoint potential growth areas within AI.

SESAMm has launched TextReveal, which is a new feature to help Identify ESG risks efficiently. With the click of a button, TextReveal creates instant summaries of news articles and documents.

Nasdaq has launched a new indicator tool for Sweden’s IPO Market. Nasdaq has debuted the Nasdaq Stockholm IPO Pulse Index. This new tool is designed to forecast IPO developments in Sweden over the upcoming four months. The Stockholm index was developed by Nasdaq’s Economic Research team, which analyzed over 50 data series to develop its methodology.The six factors of the Nasdaq Stockholm IPO Pulse Index are: 1 - Market Volatility 2 - Recent Returns 3 - Valuations 4 - Macroeconomic Growth 5 - Consumer Sentiment 6 - Nasdaq’s Proprietary IPO Data.

Crunchbase has new features and updates on its platform. The first is a Zapier integration. Users can use no-code zaps and user-generated templates to update workflows with real-time company data from Crunchbase. Next are Stages and My Dashboard; within the Crunchbase platform, Stages, which is a Kanban-style tracker board which can help users keep tabs on companies. Stages is an new way to monitor company relationships, track milestones, and plan next steps. Stages is located in My Dashboard, a new, centralized hub for tracking and monitoring. My Dashboard is also where users will get alerts about new list updates and saved search additions. Stages and My Dashboard are both highly customizable.

Cambridge Associates has launched its new German podcast, Perspektiven in Private Markets. This new podcast dives into the world of private investments, with topics including private credit, PE buyouts, infrastructure, secondaries, and more. Cambridge Associates will bring insights and share their views on the latest trends shaping the industry.

DEAL ACTIVITY

Attio has raised $33 million in funding. The investment is led by existing partners Redpoint Ventures, Balderton Capital, and Point Nine, along with a new partner, 01 Advisors. This funding will accelerate Attio's vision of CRM in the AI era, which is built on three pillars: 1 - A system of record ( AI-native data model is designed as the modern system of record). 2 - A system of context (Attio will ingest and understand all data—structured and unstructured—capturing details of every video call, meeting, email, document, and data from the web.) 3 - A system of action (A platform where users can architect and drive their GTM strategy, leveraging AI agents to anticipate needs, automate tasks, and initiate processes across a stack without manual effort).

PARTNERSHIPS & INTEGRATIONS

Bipsync and Preqin are partnering to elevate research and diligence processes for alternative investments. With this integration, both Bipsync and Preqin clients can overlay up-to-date Preqin data with their own proprietary investment research and documents within Bipsync’s platform. This integration will create firm-wide efficiencies across fundraising, deal origination, investment screening, pipeline management, due diligence, and other pre- and post-investment workflows.

Apliqo has a new partnership with OLAPLINE to expand financial planning and analytics capabilities. Based in Germany, OLAPLINE delivers business intelligence solutions to corporate management teams. As part of this collaboration, OLAPLINE will now integrate the Apliqo UX suite into their offerings, strengthening their ability to provide clients with streamlined and user-friendly interfaces. Under this partnership, Apliqo's goal is to transform the FP&A process in Germany.

Bunch has unveiled its new partnership with Swan. Founded in 2019, Swan is a European fintech specializing in embedded banking. With Swan's Banking-as-a-Service platform, companies can integrate banking features such as accounts and payments. As part of this collaboration, bunch will embed banking capabilities into its platform, which has enabled bunch to enter into the Embedded Finance market.

OneTrust is now available in the Microsoft Azure Marketplace. Microsoft Azure customers worldwide now gain access to OneTrust’s suite of solutions to drive application development and shape business strategies. OneTrust users can now take advantage of the Azure cloud platform, which offers streamlined deployment and management.

Sweep has shared news of its new partnership with Capgemini Invent. Benefits of this collaboration include: 1 - enhanced reporting capabilities for clients to have access to tools and methodologies for ESG reporting, to meet CSRD's demands. 2 - understanding needs of clients through joint research and thought leadership to design targeted solutions. 3 - with Capgemini's digital and consulting experience and Sweep's ESG management suite, the companies are able to help clients tackle CSRD reporting.

Finalis has welcomed Evvolve & Partners, as its newest partner. Evvolve & Partners connect the right companies with the right investors. Its platform is where VCs, high net worth individuals, and family offices can connect with investment opportunities.

Tradefeedr and FactSet have integrated their offerings to expand FX trading data and analytics. As part of the deal, clients of FactSet will be able to connect to Tradefeedr’s analytics services via its Portware EMS. Clients will also be able to access a new pre-trade decision making service which will enable asset managers using the Portware EMS to select algo execution or request for market, as well as selecting a liquidity provider to use depending on requirements. This collaboration with FactSet provides Tradefeedr clients with a transparent view of trading data, enabling more astute decision-making.

NEW CLIENTS

Nedgroup has selected Northern Trust for outsourced trading solutions to support new fixed income platform. Northern Trust will be supporting Nedgroup Investments’ new in-house multi-boutique platform which specializes in fixed income. Northern Trust's Integrated Trading Solutions helps asset owners and asset managers to lower costs, reduce risk, manage regulatory compliance, and enhance transparency and operational efficiency.

OFFICE & PERSONNEL

Kelly Carter has stepped into the role of Global Head of Sales for the Private Markets iLEVEL Suite at S&P Global. Previously, Carter was the Executive Director, Head of Multi-Asset & Limited Partners Sales - Software Solutions, EMEA and has been with S&P Global for the last 2.5 years. She also spent time at IHS Markit, Macquarie Group, BMO Capital Markets and Hargreave Hale.

Simon Walshe has started a new position as Head of Investor Relations (Ireland) at Titanbay. Before joining Titanbay, Walshe was an Investment Executive at Hibernia Private and spent time at Hibernia Venture Labs.

Hyperscience has appointed JJ Trahan as its new Executive Vice President of Global Revenue. Trahan will be responsible for advancing Hyperscience's ecosystem and its growth strategy. He will oversee all the commercial efforts for the company, including execution of direct, channel, and customer relationships in addition to revenue operations. Trahan will report directly to the CEO of Hyperscience, Andrew Joiner.

Kroll has expanded its AI Risk Consulting practice, which is headed by Dan Rice. Rice brings nearly 20 years of legal, governance and compliance experience, most recently designing and building the AI and emerging tech governance program at Walmart. Kroll’s AI Risk Consulting Services enable security and risk leaders to manage their risk exposure from large language models, machine learning and algorithmic decision making so they can maximize the business value in these tools. Kroll’s AI Risk Consulting Services include: risk advisory, compliance and data governance, cyber risk and investigation and litigation.

Davis Thacker has recently been appointed as the new Chief of Staff at Carta. Thacker has been with Carta for the last five years and most recently held the title of Senior Director, Strategy and Business Operations. Before joining Carta, Thacker spent time at Adams Street Partners.

Inex One has introduced three new team members to the company. Lisa Viklund and Niccolo Jurkoweit are both new Associates and Kylie Cheong is a new Business Intelligence Analyst Intern.

Apex Group has appointed Itumeleng Avril Moremong as its new Head of Botswana. This appointment will help expand business and bridge industry talent gap in Africa. Moremong’s role includes understanding local asset managers requirements, offering them services which allow them to grow; expanding middle office support and compliance services; offering pension funds support as well as administrative support to custodians. Moremong has more than 20 years of executive financial services experience.

EcoVadis has added Tim Mohin to its Scientific Advisory Board. Mohin brings four decades of sustainability experience across Fortune 500 companies including Intel, Apple and AMD, government and ESG standards. He is currently Partner and Director of Climate and Sustainability at Boston Consulting Group where he focuses on corporate strategy for climate mitigation, achieving compliance with ESG disclosure policies, developing ethical global supply chains, integrating ESG concepts into financial services, and carbon accounting strategies.

Ryan Ginsberg is the new Director of Integrations at FINTRX. Before joining FINTRX, Ginsberg spent nine years at Discovery Data, most recently as its VP, Data Integration. Ginsberg also spent time at S&P Capital IQ.

VENDOR RESEARCH & WHITEPAPERS

Daappa has a new blog, "AI in Private Equity: Transforming Financial Decision-Making with Data Analytics". In this blog, daappa explains how AI in private equity is transforming financial decision-making in private equity, and goes over the strategies firms should adopt to effectively integrate AI into their operations.

Xpedition has a new article, "Your AI Sucks: Part 1". In this article, Xpedition states that along with the many benefits, there are also real concerns about privacy, security, and transparency in AI, so in order for AI to be effective and trusted, you must ensure that the data used for developing, training, and operating AI models is of high quality, representative, and free from biases.

AWARDS

Globacap has won the Most Responsive and Fastest to Respond categories in the cord Summer Hiring Leaders Awards. These awards are for the organizations on cord that set the best standards in the recruitment industry.


DID WE FORGET SOMETHING?

Do you have vendor news to share? Are you in hiring mode? We want to know! Please reach out to us at press@pestack.com.


PROCUREMENT DOESN’T HAVE TO BE PAINFUL

We help LPs & GPs identify, qualify, and procure software, data, and technology solutions with our unique and comprehensive procurement as a service offering.

If you are thinking about your data and technology stack, we can help! Please leave your details below and we will be in touch.