ISABELLE KIRKWOOD, BETAKIT | JAN 16, 2020
Q4 purchases S&P Global Market Intelligence’s IR web hosting business
The terms of the acquisition were not disclosed, although S&P reportedly made an undisclosed minority investment in Q4 in connection with the acquisition.
This marks Q4’s fourth acquisition since 2015, and comes as part of what the company called its “industry consolidation strategy.” Q4 said this purchase will allow both parties to concentrate on their core functionalities and will lead to the integration of S&P’s data into Q4’s portfolio of solutions, which is meant to create more opportunities for commercial collaboration.
“This new strategic alliance helps to strengthen this commitment and allows us to more deeply serve our clients across a broader set of industries, including financial services, banking and REITs [real estate investment trust]. Over the last few months, we have worked hard to understand the needs of S&P’s IR web hosting clients and we look forward to welcoming them to Q4.”
– Darrell Heaps, CEO of Q4
Q4 has offices in New York, Toronto, Copenhagen, and London. Its services allow investors to access analyst insights, trade monitoring and live data on institutional trading, stock price fluctuations, and relative performance. The company was founded in 2006, and its most recent funding round was a $49.3 million CAD Series C.