Symphony, the market infrastructure and communications platform, has acquired Amenity Analytics, a natural language processing (NLP) data analytics solution. Amenity Analytics is designed to provide portfolio managers with actionable insights, research professionals, analysts and other financial markets participants. This acquisition is expected to support Symphony’s markets strategy by delivering data and business insights use cases, including environmental, social and governance capabilities.
Amenity specialises in extracting insights, through research quality assurance, tagging and key drivers, from a variety of content types including earnings call transcripts, news, social media, filings, and research, among other publicly available sources. Through this acquisition, Symphony will provide the market with a purpose-built, insights and analytics offering designed to help firms filter information and provide a refined source of business intelligence in real time.
Symphony CEO, Brad Levy, said, “We are excited to provide a highly relevant NLP solution to support firms in addressing some of their most pressing challenges with a powerful business insights platform through the Amenity Analytics acquisition. Our enhanced offering will allow the Symphony community, particularly buy-side firms, to track corporate activity, positioning, messaging, performance and sentiment that can be measured against a peer group. We understand the impact our NLP generated business analytics will have in facilitating insights driven decisions on multiple fronts.”
“We are delighted to be joining such a strong team in the industry. This opportunity was uniquely attractive to us as we think the combination of our expertise in NLP with Symphony’s best in class communications platform, will yield exciting outcomes for our customers,” said Nathaniel Storch, Amenity Analytics CEO. “Amenity has developed impactful use cases that tackle real time ESG insights, targeted content delivery and information overload, all key to the future of the finance world, and now they’ll be available to the over 1000 institutions Symphony serves,” he said.
Amenity Analytics is the third company Symphony has acquired in the past 18 months. In June 2021, Symphony acquired the trader voice and electronic communication company Cloud9 Technologies and later that year, in August, the counterparty mapping platform StreetLinx. As a result of the integration of both firms, Symphony has now introduced its Instant Voice proposition and expanded its directory service.
