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IBM Launches Data Science Experience Local

IBM has launched Data Science Experience Local, its new collaborative workspace for private clouds. With this workspace, data scientists and organizations that work with sensitive data can quickly, easily, and securely collaborate on data analytics models in their own private locations, behind their firewalls. While cloud is best suited to handle the workloads and the huge volumes of data with which ... Read More »

Alibaba Makes Its First FinTech Investment In Hong Kong

Alibaba has expanded its investment portfolio in Hong Kong and has chosen Qupital to be its first FinTech investment in the city.  Qupital has just secured a seed investment round of $2 million, led by MindWorks Ventures and Alibaba Entrepreneurs Fund, with co-investment from DRL Capital, Aria Group and several other investors. The funding will be used to enhance its ... Read More »

Moody’s Analytics to Acquire Bureau van Dijk – Changing the Competitive Landscape in Commercial Credit Information

Moody’s Corporation (NYSE:MCO) announced that it has entered into a definitive agreement to acquire Bureau van Dijk, a global provider of business intelligence and company information, for €3.0 billion (approximately $3.27 billion). The acquisition extends Moody’s position as a leader in risk data and analytical insight. Highlights: Builds on Moody’s role as a global provider of credit risk measures and ... Read More »

Arvato Financial Solutions Increases Stake in Brazilian Financial Services Provider Intervalor

Arvato Financial Solutions is taking its step-by-step option and has increased its holdings of Intervalor shares to 81.5 per cent. After initially acquiring 40 per cent of interest in Intervalor shares in June 2015, this is a further important step within the consistent internationalization of Arvato Financial Solutions. Both parties have come to an understanding that the financial details of ... Read More »

AOL-Yahoo Combined Company Named OATH

Marissa Mayer will not be part of the new AOL-Yahoo combined company called Oath According to sources, Yahoo CEO Marissa Mayer will not be continuing with the new company that was announced prematurely in a tweet by AOL CEO Tim Armstrong. The new Verizon-owned entity is called Oath and is the combination of AOL and Yahoo. Terms of Mayer’s departure ... Read More »

Compliance professionals in the UK face huge regulatory shifts & customer onboarding delays amidst growing global uncertainty

Dun & Bradstreet has launched its customer due diligence study, shedding a light on the UK’s financial sector which continues to grow but faces huge challenges in dealing with the regulatory risk that the current business environment presents. Compliance professionals are becoming further stretched by the continued impact of Brexit and regulatory changes that Donald Trump’s government will introduce, and ... Read More »

Thomson Reuters Completes Clarient and Avox Acquisitions Creating Best-In-Class KYC and Legal Entity Data Due Diligence Standards

Thomson Reuters has completed its acquisitions of Clarient Global LLC and Avox Limited, expanding its risk-management footprint and its ability to provide a best-in-class standard of customer solutions by integrating both businesses into its portfolio of risk management, compliance and data offerings.  The Clarient and Avox acquisitions represent the next step of Thomson Reuters vision to be a leading provider ... Read More »

Verisk Analytics, Inc., Acquires Emergent Network Intelligence

Acquisition extends Verisk’s claims solutions within United Kingdom Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, announced it has acquired Emergent Network Intelligence (ENI), a leading innovator in insurance claims efficiency and fraud detection solutions based in Newcastle upon Tyne, United Kingdom. With the acquisition of ENI, Verisk’s clients in the U.K. can take advantage of technologically advanced tools ... Read More »

Baidu Acquired the Startup Building China’s Answer to Alexa

A Y Combinator-backed startup building China’s answer to Alexa has been acquired by Baidu, China’s top search engine, the companies announced this morning. The financial terms are not disclosed. Raven Tech, with about US$18 million in funding in its pockets, created an AI-based voice assistant that it launched in an app called Flow. That voice assistant is more comparable to ... Read More »

Verisk Analytics, Inc., to Acquire Fintellix

Acquisition will extend Verisk’s expertise in development of products and data solutions designed to meet the regulatory compliance needs of financial institutions in multiple geographies Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, has signed an agreement to acquire Fintellix, a Bangalore-based data solutions company specializing in the development of data management platforms and regulatory reporting solutions for financial ... Read More »

Verisk Analytics, Inc. Acquires Arium

Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider,  announced it has acquired Arium, an independent company specializing in liability risk modeling and decision support. Arium will become part of AIR Worldwide (AIR), a Verisk Analytics business, and will enable AIR to provide its clients with additional modeling solutions and analytics for the casualty market. “The industry has been searching ... Read More »

CoinDesk Acquires Lawnmower

CoinDesk, the leading media & events business in the bitcoin and blockchain industry, announced that it has acquired Lawnmower, a blockchain data and research platform. The full Lawnmower team will join CoinDesk in its New York office. Founders Pieter Gorsira and Patrick Archambeau, who built Lawnmower’s popular digital currency portfolio tracking application, will lead CoinDesk’s engineering team, while co-founder Alex ... Read More »

Ant Financial Acquires MoneyGram

Ant Financial Services Group, which is affiliated with Alibaba Group Holding Ltd. and is controlled by Alibaba founder Jack Ma, announced a deal Thursday to buy U.S. money-transfer provider MoneyGram International Inc. for $880 million.    Ant Financial will pay $13.25 a share for the Dallas-based company, a 12% premium to its Wednesday closing price of $11.88. On Thursday, the stock rose 8.8%, to $12.92. MoneyGram, which ... Read More »

Bertelsmann Division Arvato Acquires India-based IT Analytics Start-up Ramyam

Bertelsmann has acquired the Indian IT and analytics company Ramyam.  The Bertelsmann division Arvato , which handles hundreds of millions of consumer interactions for large clients worldwide, will utilize Ramyam’s product and IT development capabilities to offer new, innovative CRM solutions. With the investment, Bertelsmann further enlarges its footprint in its strategic growth region India. The partners agreed to not ... Read More »

Harte Hanks Completes Sale of Trillium Business

Harte Hanks (NYSE: HHS), a leader in customer relationships, experiences and interaction-led marketing, today announced the closing of the sale of Trillium Software to Syncsort for $112 million in cash. The Company used the net proceeds of the sale to retire its outstanding credit facility. Commenting on the transition, Chief Executive Officer Karen Puckett said, “We are pleased to have ... Read More »

Dun & Bradstreet Acquires Avention, the Maker of OneSource

Expands Presence & Offerings in B2B Sales Acceleration Market Dun & Bradstreet (NYSE: DNB) announced that it has acquired Massachusetts-based Avention, the maker of OneSource ® solutions. Avention provides organizations with a deeper understanding of company, contact, and market data, delivered through a robust technology platform. The acquisition positions Dun & Bradstreet as a leader in the Sales Acceleration market. The category provides Sales and ... Read More »