S&P Global announced that it has acquired ProntoNLP, a leading provider of GenAI tooling, enabling users to derive differentiated insights from unstructured and structured data. And ProntoNLP’s proprietary models and LLM-based signal tools will support S&P Global’s textual data analytics capabilities. The financial terms of the transaction were undisclosed.
Launched in 2021, ProntoNLP utilizes proprietary natural language processing (NLP) capabilities combined with large language models (LLMs) for fast, efficient, and deep analysis of unstructured financial data at scale.
Using AI, the company offers customizable solutions for event detection and sentiment scoring. And ProntoNLP will be integrated within the S&P Global Market Intelligence division of S&P Global, and its intellectual property is expected to power broader enterprise-wide applications.
KEY QUOTE:
“This acquisition underscores our commitment to advancing AI-driven solutions that harness both structured and unstructured data to deliver actionable insights. By integrating ProntoNLP’s cutting-edge expertise in signal processing with our existing platforms, we aim to enable richer context understanding, more accurate predictions, and faster decision-making for our customers.”
– Frank Tarsillo, Chief Technology Officer of S&P Global Market Intelligence
