The vendors will jointly roll out Xignite's cloud-based data platforms in Asia, while Xignite will make Quick's data available via its suite of data APIs. In addition, Xignite will use the new funding to expand its sales and marketing efforts, along with its product capabilities.
As a result of the deal, Quick managing director Atsuyuki Nakajima will join Xignite's board of directors.
"Financial institutions can no longer afford to operate rigid and proprietary data infrastructures," says
Rich Newman joins to talk about challenges facing the alternative data space and why open data is becoming increasingly important.Subscribe to Weekly Wrap emails