S&P Global Acquires ProntoNLP, Expanding its Generative AI-Powered Product Portfolio
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
[email protected]
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SOURCE S&P Global