TipRanks Ltd. buys The Fly in First Major Fintech M&A deal in 2023
NEW YORK, 4 January 2023 /PRNewswire/ — TipRanks Ltd . announced today that it has agreed to acquire New Jersey-based The Fly, a leading digital publisher of real-time financial news.
“TipRanks is committed to providing investors with the best data and research tools, and now with one of the fastest and most accurate breaking news services,” said Uri Gruenbaum, CEO of TipRanks. “We have worked with the excellent team at The Fly for many years and have always been impressed by the professionalism, speed and accuracy with which they analyze data and publish breaking news. We see a lot of synergy between our companies. and are pleased that we can expand our offerings to provide breaking news – one of the biggest demands of our Enterprise customers and end users. With The Fly, TipRanks continues its vision to become the ultimate one-stop-shop platform for retail investors.”
Founded in 1998, The Fly is a leading digital publisher of real-time financial news, reporting on and explaining the news affecting listed companies. The Fly’s exclusive live streaming subscription service breaks down the material information that moves stocks. The Fly’s team sifts through all sources of company news, from mainstream to cutting-edge, and then filters out the noise to deliver short-form stories made up only of content that moves in the market. Analyst research notes, company press releases, SEC filings, newspapers, blogs, social media and trading desk sources are among the many areas monitored by the experts.
“TipRanks is a natural home for The Fly,” said Ron Etergino, the President of the Fly. “Both companies strive to level the playing field for investors, and TipRanks’ institutional-quality research tools and data will enhance The Fly’s financial news products. We have been impressed by TipRanks’ vision and are very excited to enter this new chapter, both for our employees and our customers. The combination will advance The Fly’s mission to bring the news that moves stocks.”
The completion of this transaction is expected to close in the 1st quarter and is subject to customary conditions.
About TipRanks Ltd.
TipRanks is a multi-award winning financial technology company that analyzes financial big data to provide market research tools for retail investors. TipRank’s Financial Accountability Engine scans and analyzes financial websites, company filings filed with the SEC, and analyst surveys to rank financial experts in real time. Its alternative datasets allow all types of investors to use institutional-grade tools.
Contact:
Oran Greenman
+972-524-662-292
[email protected]
SOURCE TipRanks Ltd.
