Quantexa, a London, UK-based provider of a Decision Intelligence (DI) solutions for the public and private sectors, acquired Aylien, a Dublin, Ireland-based company which specializes in natural language processing (NLP) and AI to empower its customers to collect, analyze, and understand unstructured text data.
The amount of the deal was not disclosed.
Aylien’s offerings in market insights and risk management immediately expand the portfolio of solutions Quantexa can offer in multiple industries. The joint offerings will empower customers to create real-time and reliable streams of actionable insights across risk and compliance practices and identify new opportunities for growth. Customers will be able to proactively monitor their entire risk landscape across ESG, third-parties, reputational issues, and operations beyond compliance and controls.
Founded in 2012 and led by Parsa Ghaffari, Aylien provides a News API for building intelligent applications with aggregated multi-lingual content from over 80,000 sources across the web, traditional media, and licensed news outlets. It also provides an application for analysts to proactively identify, investigate, and monitor news data to assess critical business risks and opportunities. Today, the team supports over 40 enterprise customers and has produced research cited in over 700 academic publications.
Led by CEO Vishal Marria, Quantexa is a data and analytics software company focused on Contextual Decision Intelligence that empowers organizations to make operational decisions by making data meaningful. Working with big data and AI, its platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
Founded in 2016, Quantexa now has more than 600 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE.
FinSMEs
28/02/2023