Wiener Boerse has acquired North Data GmbH for an undisclosed amount. The transaction sees the Hamburg-based data intelligence firm, known for its advanced compilation of public company information, join the group that operates the Vienna Stock Exchange and provides financial market infrastructure. This corporate acquisition aims to integrate North Data's specialized capabilities into Wiener Boerse's broader data services.
North Data GmbH, founded in 2011, utilizes Big Data and Artificial Intelligence methods to distill and present publicly available company information from sources such as trade registers, annual reports, and patent registries. Its platform makes complex corporate data clear and easy to understand for a diverse user base, including leading credit agencies, fintech startups, insurance companies, law enforcement agencies, journalists, and universities. The company is particularly recognized for its network graphs and offers premium services, an API, and data exports for professional integration.
The acquisition is a strategic move designed to bolster Wiener Boerse's data offerings and analytical prowess. By incorporating North Data's expertise in AI-driven data aggregation and user-friendly presentation, Wiener Boerse can enhance its commitment to market transparency and innovation in data services. The integration of North Data's comprehensive corporate insights is anticipated to benefit Wiener Boerse's existing clientele and attract new customers seeking detailed, accessible business intelligence.
The combined entity is set to deliver more robust and accessible data solutions. This will leverage North Data's proven ability to process and visualize vast amounts of corporate information with Wiener Boerse's established presence in financial markets, aiming to serve a wider array of industries with enhanced data products.