Naviga Inc has sold its Acquire Media aggregation and distribution business to global risk assessment firm Moody's Corporation.
Moody's will use the acquisition to advance the 'know your customer' (KYC) solutions capability of its Moody's Analytics' business, strengthening its ability to provide early warning and real-time insight to market participants.
AM's patented technology platform ingests information from over 18,000 global content sources including media outlets, blogs, websites, government regulatory commissions, and social media, then distributes curated real-time feeds and alerts to customers across the financial services, corporate and media sectors.
"Acquire Media plays an integral role in the dissemination of real-time news and information," says Moody's Analytics president Stephen Tulenko.
The transaction complements Moody's 2017 acquisition of company data and analytical software provider Bureau van Dijk (BvD) and its January 2020 acquisition of Regulatory DataCorp.
Moody's says the investment was "funded with cash on hand" and is not expected to have a material effect on its 2020 financial results.
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