Bloomberg Poised for $40m Brainpower Deal

NEW YORK - Bloomberg plans to buy Brainpower, a Swiss vendor of data management and analytics tools for the buy side, in a deal valued at around $40 million.

The US data giant, which - unlike its rivals - is known for growing organically rather than through acquisitions, says it will use Brainpower's technology to improve its Bloomberg Professional terminals.

Brainpower provides the nX suite of data products, including the nX openStore data management platform for data cleaning and rules-based

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