Symphony Acquires NLP Platform Amenity Analytic

Symphony – the leading markets' infrastructure and technology platform – has acquired Amenity Analytics, a natural language processing (NLP) data analytics solution driving actionable insights to portfolio managers, research professionals, analysts and other financial markets participants. This acquisition will enhance Symphony's markets strategy with highly relevant data and business insights use cases, including powerful ESG capabilities.

Through this acquisition, Symphony will provide the market with a purpose-built, transparent and comprehensive insights and analytics offering that will help firms cut through noise and provide business intelligence in real time, reinforcing the company's position in enabling content distribution.

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."

"We are delighted to be joining such a strong team in the industry. 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," said Nathaniel Storch, Amenity Analytics CEO. "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," he said.

Amenity Analytics is the third company Symphony has acquired in the past 18 months.