US-based investment platform Money.Net has acquired ChatterQuant, a provider of sentiment analysis and social media intelligence in the financial sector.
The financial terms of the deal were not revealed.
The transaction is expected to further bolster Money.Net’s position in providing financial intelligence and investment solutions.
Established in 2021, ChatterQuant specialises in data, financial technology, social sentiment, social media, and stocks.
The US-based firm provides advanced sentiment analysis tools.
ChatterQuant leverages natural language processing algorithms to extract valuable insights from social media platforms, news articles as well as other online sources.
Through the integration of ChatterQuant’s new technology and expertise into its existing financial intelligence and investment offerings, Money.Net will offer an extensive real-time market sentiment analysis and enable them to make informed investment decisions.
ChatterQuant CEO and co-founder Christian Perry said: “I am thrilled to announce the acquisition of ChatterQuant’s technology by Money.net. This marks a significant milestone for both companies, combining our innovative technologies and expertise to revolutionise the financial industry.
“This acquisition sets the stage for exciting possibilities, propelling toward a future where data-driven decision-making is accessible to all.”
Money.Net aims to reinforce its commitment to innovation and dedication to offer clients comprehensive financial intelligence solutions through the acquisition of ChatterQuant’s assets.
Money.Net Capital CEO Vincent Sangiovanni said: “This acquisition aligns with our commitment to empowering financial professionals with the most advanced tools and data analytics.
“Adding Chatterquant’s sophisticated sentiment analysis capabilities will enhance our existing product suite.”
By leveraging artificial intelligence (AI) and natural language processing, Money.net’s mission is to democratise access to financial information by offering next-generation solutions to consumers of market data and analytics.
