NEW
YORK, Jan. 6, 2025 /PRNewswire/ -- S&P
Global (NYSE: SPGI) today announced that it has acquired ProntoNLP,
a leading provider of Generative Artificial Intelligence (GenAI)
tooling, allowing users to derive differentiated insights from
unstructured and structured data. ProntoNLP's proprietary models
and LLM-based signal tools will bolster S&P Global's textual
data analytics capabilities.
Founded in 2021, ProntoNLP utilizes proprietary
natural language processing (NLP) capabilities coupled with large
language models (LLMs) for fast, efficient and deep analysis of
unstructured financial data at scale. Powered by artificial
intelligence (AI), the company offers a set of customizable
solutions for event detection and sentiment scoring. 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.
"This acquisition underscores our commitment to advancing
AI-driven solutions that harness both structured and unstructured
data to deliver actionable insights," said Frank Tarsillo, Chief Technology Officer of
S&P Global Market Intelligence. "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."
The transaction closed on December 31,
2024. The financial terms of the transaction were not
disclosed.
Forward-Looking Statements: This press release contains
"forward-looking statements," as defined in the Private Securities
Litigation Reform Act of 1995. These statements, including
statements about the completed merger (the "Merger") between a
subsidiary of S&P Global Inc. (the "Company") and IHS Markit
Ltd. ("IHS Markit"), which express management's current views
concerning future events, trends, contingencies or results, appear
at various places in this press release and use words like
"anticipate," "assume," "believe," "continue," "estimate,"
"expect," "forecast," "future," "intend," "plan," "potential,"
"predict," "project," "strategy," "target" and similar terms, and
future or conditional tense verbs like "could," "may," "might,"
"should," "will" and "would." For example, management may use
forward-looking statements when addressing topics such as: the
outcome of contingencies; future actions by regulators; changes in
the Company's business strategies and methods of generating
revenue; the development and performance of the Company's services
and products; the expected impact of acquisitions and dispositions;
the Company's effective tax rates; and the Company's cost
structure, dividend policy, cash flows or liquidity.
Forward-looking statements are subject to inherent risks and
uncertainties. Factors that could cause actual results to differ
materially from those expressed or implied in forward-looking
statements include, among other things:
- the impact of the acquisition of Pronto NLP, including the
impact on the Company's results of operations; any failure to
successfully integrate the acquired departments into the Company's
operations; and any failure to attract and retain key
employees;
- the risk of litigation, unexpected costs, charges or expenses
relating to the acquisition;
- the occurrence of any event, change or other circumstance or
condition that could give rise to the termination of the
acquisition agreement;
- risks related to the ability to realize the anticipated
benefits of the acquisition, including the possibility that the
expected benefits from the acquisition will not be realized or will
not be realized within the expected time period.
The factors noted above are not exhaustive. The Company and its
subsidiaries operate in a dynamic business environment in which new
risks emerge frequently. Accordingly, the Company cautions readers
not to place undue reliance on any forward-looking statements,
which speak only as of the dates on which they are made. The
Company undertakes no obligation to update or revise any
forward-looking statement to reflect events or circumstances
arising after the date on which it is made, except as required by
applicable law. Further information about the Company's businesses,
including information about factors that could materially affect
its results of operations and financial condition, is contained in
the Company's filings with the Securities and Exchange Commission,
including Item 1A, Risk Factors, in our most recently
filed Annual Report on Form 10-K, which can be obtained at its
website at http://www.sec.gov.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We
enable governments, businesses and individuals with the right data,
expertise and connected technology so that they can make decisions
with conviction. From helping our customers assess new investments
to guiding them through ESG and energy transition across supply
chains, we unlock new opportunities, solve challenges, and
accelerate progress for the world.
We are widely sought after by many of the world's leading
organizations to provide credit ratings, benchmarks, analytics and
workflow solutions in the global capital, commodity and automotive
markets. With every one of our offerings, we help the world's
leading organizations plan for tomorrow, today. For more
information, visit www.spglobal.com.
Media Contact
Amanda Oey
S&P Global Market Intelligence
+1 212 438 1904
amanda.oey@spglobal.com
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SOURCE S&P Global