M and A
Deals Of The Day: The Latest In Wealth Management M&A – BridgeWise, Context Analytics
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The latest mergers, acquisitions and other corporate actions in the wealth management sector.
BridgeWise
BridgeWise, which
uses AI to power equity and fund analysis and other tools, has
bought Chicago-based Context Analytics. CA is a data processing
company that uses AI and boasts clients such as S&P Global
Market Intelligence.
The financial terms of the transaction were not disclosed.
With offices in Japan, Singapore, the US, London, Brazil, Thailand, Israel, and Dubai, BridgeWise partners with institutions including Japan Exchange Group, SIX, B3, eToro, TASE, and Rakuten Securities.
By integrating Context Analytics, which uses proprietary technology to transform news, social media, and thousands of pages of complex filings into numeric, machine-readable data and timely sentiment scores, BridgeWise said it can decode the full spectrum of market information, and server banks, brokers, investment managers, and financial service providers in the capital markets.