In an exciting development, AlphaSense, the leading market intelligence platform, announced the acquisition of Tegus, provider of premier expert research and financial data. This union aims to provide comprehensive public and private content to customers, enhancing market intelligence offerings.
AlphaSense Announces Acquisition of Tegus
AlphaSense, with the latest valuation of $4 billion, disclosed its agreement to acquire Tegus. The $930 million deal aims to incorporate Tegus’ massive private company data on AlphaSense’s platform. AlphaSense’s mission is to empower professionals to bring intelligent, AI-driven decisions by offering them a broader scope of market insights. The deal was backed by a $650 million funding boost co-led by Viking Global Investors and BDT & MSD Partners.
Joint Features and Benefits for Users
Currently, Tegus has an extensive library of high-quality research resources with coverage of over 35,000 public and private companies. The inclusion of Tegus’ data into AlphaSense will provide a new and unique offering to the users. It would significantly improve AlphaSense’s ability to serve comprehensive insights on public and private companies to users around the world.
Implications of the Acquisition for Future Growth
This partnership will accelerate growth, innovation, and content expansion, leveraging their synergistic product capabilities. The users will greatly benefit from the combined offerings, with the ability to draw more detailed insights from thousands of different content sets. The deal underpins a series of AlphaSense’s significant achievements, including being recognized in the 2024 CNBC Disruptor 50 list and doubling its revenue in less than two years.
In conclusion, the acquisition of Tegus by AlphaSense is a progressive step towards establishing an exhaustive platform for market intelligence. This move strategically positions AlphaSense to offer even more comprehensive insight to businesses and investors, reinforcing its leadership status in the industry.
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