FinTech Studios, a NYC-based fintech software company, acquired iUbble Inc., a NJ-based fintech software startup.
The amount of the deal was not disclosed.
Created in 2014 by Kevin Barresi, a graduate school computer engineering student at Stevens Institute of Technology, a private research university in Hoboken, N.J., and Dr. Mukund Iyengar, an assistant professor of computer engineering, iUbble initially developed a web browser and messenger app for web and mobile devices, but pivoted after partnering with FinTech Studios, which became an investor and business partner and worked closely with founders to develop Apollo™, a cloud-based big-data investment news, research and analytics platform designed for investors, portfolio managers, research analysts, hedge funds, banks, brokerage firms, RIA’s, financial advisory firms, private equity firms, venture capital firms, family offices, media companies and corporations.
Apollo uses proprietary machine learning and natural language processing technology to intelligently search through millions of news, financial data, research and blog sites and intelligently discover and tag relevant, actionable information and financial data. It dynamically links any entity (company, person, place, topic) detected in any story with other relevant entities, financial information, apps, data and related links.
Apollo integrates with email, CRM and compliant social media tools to easily share relevant, impactful insight.
Founded in 2014 by Jim Tousignant, CEO, FinTech Studios develops and markets a cloud-based platform of curated fintech apps, apps, financial analytics and collaboration tools integrated with global financial content from millions of news, research and blog sites to provide relevant business and financial insight.
As part of the transaction, Kevin Barresi will become the Chief Technology Officer (CTO) of FinTech Studios.
FinSMEs
14/03/2016