Thomson Corporation has acquired Chicago-based database integration and analytics firm Quantitative Analytics Inc to beef up its services to the financial services sector.
Financial terms of the deal were not disclosed.
QAI becomes part of Thomson’s corporate services, investment banking & management division. QAI’s Market QA, FastTick and WebQA technologies, which are designed with the financial researcher in mind, will be integrated into Thomson’s ONE framework to improve financial performance.
The software provides pricing analysis, financial data capture and retrieval, storage, analysis and reporting. Its core application, MarketQA, is based on a proprietary language (Quantitative Analytics Language) to let researchers quickly build and analyze back-trading models.
Stamford, Connecticut-based Thomson is an $8.7 billion giant that provides information, and software applications to the financial services, legal, accounting, education, scientific research and healthcare firms.