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- AlphaSense Acquires Tegus, Valuation Hits $4 Billion
AlphaSense Acquires Tegus, Valuation Hits $4 Billion
Slice of Finance Team
13 Jun
Key Highlights:
AlphaSense acquires Tegus, expanding market intelligence capabilities.
$650 million raised in funding, led by Viking Global Investors and BDT & MSD Partners.
AlphaSense's valuation now at $4 billion.
Enhanced content with Tegus’ extensive private company data and financial tools.
Deal to close in Q3 2024.
Source (PR Newswire)
Notable Quotes
"This transaction marks a pivotal moment for AlphaSense in our mission to help businesses and investors make better decisions with confidence and speed. I am thrilled to join forces with the Tegus team as a significant leap forward in furthering our mission, adding top-quality content on public and private companies, and enhancing our ability to deliver even more comprehensive insights to our customers around the world."
"By joining forces with AlphaSense, we're going to empower clients in new and more powerful ways. AlphaSense and Tegus are like-minded companies, with a shared vision, and I couldn't be more excited to continue pursuing our mission of modernizing research for businesses, together."
Our Take:
The acquisition of Tegus by AlphaSense represents a strategic move to consolidate market intelligence capabilities and provide more comprehensive insights to financial and business professionals. By integrating Tegus’ private company data and financial tools, AlphaSense is poised to offer an unparalleled breadth of information, enhancing decision-making processes with AI-driven insights. The $650 million funding boost underscores strong investor confidence in AlphaSense’s vision and growth trajectory. This merger is set to accelerate innovation and expand content offerings, making it a significant development in the market intelligence sector.