S&P Global Expands Product Portfolio with ProntoNLP Acquisition
S&P Global recently made an exciting announcement— they’ve acquired ProntoNLP, an innovative company specializing in Generative Artificial Intelligence (GenAI) tools. This acquisition is a game-changer as it allows users to extract valuable insights from both unstructured and structured data using cutting-edge technology.
Established in 2021, ProntoNLP has developed its natural language processing (NLP) capabilities and large language models (LLMs) to analyze financial data quickly and effectively on a large scale. With the power of AI, they offer customizable solutions for event detection and sentiment scoring, making complex data more accessible.
Moving forward, ProntoNLP will be integrated into S&P Global’s Market Intelligence division, where its groundbreaking technology is expected to enhance enterprise-wide applications. The ultimate goal is to provide customers with richer context, accurate predictions, and faster decision-making tools.
Frank Tarsillo, Chief Technology Officer of S&P Global Market Intelligence, emphasized the importance of this acquisition. He stated, “By combining ProntoNLP’s signal processing expertise with our platforms, we aim to deliver actionable insights that leverage both structured and unstructured data for the benefit of our customers.”
The acquisition was finalized on December 31, 2024, although specific financial details were not disclosed. This move marks S&P Global’s ongoing commitment to advancing AI-driven solutions and harnessing the power of data to drive valuable outcomes for businesses and individuals.
For more information, you can visit the S&P Global website to learn more about their mission to provide essential intelligence and support decision-making processes across various industries.
