AlphaSense to Acquire Tegus, for $930M; Raises $650M

AlphaSense, NYC-based provider of a market intelligence and search platform, acquired Tegus, a Chicago, IL-based provider of expert research, private company content, and financial data and workflow tools, for $930m.

As part of this deal, AlphaSense raised $650M in funding, co-led by Viking Global Investors and BDT & MSD Partners, and joined by new investors, J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, as well as existing investors Alphabet’s CapitalG and Goldman Sachs Alternatives. This raise brings AlphaSense’s valuation to $4 billion.

The acquisition will provide customers with a comprehensive combined public and private content offering, further consolidating its leadership in market intelligence.

Tegus is an end-to-end research platform that combines expert insights, company filings and comprehensive KPIs and financial data, empowering investors to find critical insights quickly, easily create comparables and update models, and develop perspectives to inform their investment decisions. Its proprietary content set now includes more than 100,000 expert call transcripts, financial coverage of more than 4,000 public companies and industry comps and analysis on more than 50 sectors.

Tegus acquired BamSEC and then Canalyst, bringing two investment research tools into the Tegus platform to combine quantitative and qualitative data together in a single suite. The company has 550 team members across the globe, including in its offices in Vancouver, B.C. and Waterford, Ireland.

Founded in 2011 by Jack Kokko, CEO, AlphaSense provides a market intelligence and search platform built on proven AI. Its universe of public and private content includes equity research, company filings, event transcripts, expert calls, news, trade journals, and clients’ own research content. The platform is used by over 4,000 enterprise customers, including a majority of the S&P 500.

AlphaSense is headquartered in New York City with over 1,300 people across the globe and offices in the U.S., U.K., Finland, India, and Singapore.

FinSMEs

12/06/2024