Symphony, a markets’ infrastructure and technology platform, announced the acquisition of natural language processing (NLP) data analytics solutions provider Amenity Analytics.

The financial terms of the deal were not disclosed.

Through the acquisition, Symphony expects to improve its markets strategy with relevant data and business insights use cases, including strong environmental, social, and governance (ESG) capabilities.

It will enable the company to offer the market with a transparent, purpose-built, and comprehensive insights and analytics offering.

Amenity Analytics extracts insights from a range of content types such as news, social media, earnings call transcripts, filings, and research, among other publicly available sources through research quality assurance, tagging, and key drivers.

Amenity Analytics CEO Nathaniel Storch said: “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.

“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.”

Symphony expects to assist companies cut through noise and provide real time business intelligence with the insights and analytics offering gained through the acquisition.

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.”

Last year, Symphony acquired StreetLinx, a counterparty mapping platform, and Cloud9 Technologies, a trader voice and electronic communication company.

Symphony offers a technology platform, where solutions are developed or integrated to standardise, innovate, and automate financial services workflows.

Goodwin Procter served as Symphony’s legal advisers, while D.A. Davidson and Bryan Cave Leighton Paisner served as Amenity Analytics’ financial and legal advisers, respectively.