S&P Global (NYSE: SPGI) has announced that it has signed an agreement to acquire Kensho Technologies Inc. (“Kensho”), an edge provider of next-generation analytics, artificial intelligence, machine learning, and data visualization systems to Wall Street´s premier global banks and investment institutions, as well as the National Security community, the company said.
The acquisition of Kensho will strengthen S&P Global´s emerging technology capabilities, enhance its ability to deliver essential, actionable insights that will transform the user experience for its clients, and accelerate efforts to improve efficiency and effectiveness of its core internal operations.
The transaction is subject to regulatory approval and other customary closing conditions. It is expected to close late in the first quarter of this year or early second quarter.
S&P Global is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. The company´s divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. S&P Global has approximately 20,000 employees in 31 countries. For more information visit: www.spglobal.com.
Kensho is an award-winning machine intelligence company founded out of Harvard University in 2013. Kensho´s early team members came from veteran roles at Google, as well as from academia. Kensho applies AI for real-world impact across government and commercial institutions around the world. For more information, visit www.kensho.com.