Knoema, the provider of an end-to-end data and knowledge management platform that integrates, visualises, and autonomously discovers data assets within enterprises, has announced the acquisition of Adaptive Management, an alternative data aggregator and solutions provider. Financial terms of the transaction are not being disclosed.
This acquisition will combine Knoema’s platform and global data repository with Adaptive’s catalogue of thousands of alternative datasets to deliver a solution for enabling technical and non-technical users to integrate, discover, and use their enterprise data assets.
The firms say DataFinder, Knoema’s most recent innovation for bringing data into analyst workflows, will amplify this acquisition by giving Knoema clients a fourth pillar of data resources – alternative data – alongside their existing proprietary, subscription, and global data assets.
Alternative data providers will now benefit from Knoema’s ability to help them monetise their data by making their datasets discoverable by hundreds of thousands of individuals on Knoema’s Public Platform, the firm claims, adding it can also provide these vendors with tools for handling the heavy lifting inherent to data, including data management and entitlements, integrating the data into user workflows, and building user interfaces and APIs for delivery.
“Adaptive has become a standard-bearer for making alternative data accessible and actionable by financial and non-financial firms alike,” says Charles Poliacof, Knoema CEO. “Since the beginning, Knoema has been helping clients bring together their own data with subscription data, convert that data into knowledge, and then work collaboratively with it across the enterprise.
“The acquisition of Adaptive Management not only provides our clients with access to the world’s top-tier alternative data vendors, but it augments our vision for creating a knowledge and data experience where all of a user’s critical data assets are easily accessed from the most common desktop applications,” he adds. “This acquisition creates a compelling win-win for data providers that want their data easily found and accessible and data consumers who are currently drowning in a sea of spreadsheets, portals, and disparate data silos.”
Brady Roberts, COO and partner at Emergent Risk International, says, “As a consulting firm that has leveraged Knoema for data management and client-facing subscriptions, we have been able to scale our business by delivering robust and timely analytic content to our clients. Knoema has already helped us integrate real-time map-based data feeds from our partners alongside global public data. We believe the acquisition will only improve our competitiveness by providing us our next option, to integrate alternative data, greatly expanding the data universe our clients use to make better decisions on security, geopolitical risk, and foreign investment.”