TipRanks to Purchase Digital Monetary Information Writer The Fly

TipRanks Acquires Real-Time Monetary News Digital Writer
TipRanks, a financial big data company that offers retail customers analytical tools, has agreed to acquire The Fly, a digital publisher of real-time financial data based in New Jersey. TipRanks made a calculated decision to acquire The Fly since the real-time financial data will enhance and fortify its current businesses.
“Our mission is to provide buyers with the best information and analysis tools possible, including one of the fastest and most accurate breaking news companies,” stated Uri Gruenbaum, the Chief Government Officer of TipRanks, in a statement sent to Finance Magnates.
By the first quarter of this year, the two companies want to close the acquisition deal. The company has been working with Admirals after using a similar approach with Futu, one of the major online brokers in Southeast Asia and China. To further enhance its businesses, TipRanks even joined the Nasdaq Knowledge Hyperlink network.
The company joined forces with eTrade to reach the US market, and TD Financial Institution to enter the Canadian market. Additionally, it established its businesses in the UK and partnered with Stockal, an Indian retail investor platform that provides direct access to US equities.
The Fly, which was founded in 1998, reports on and clarifies information that affects companies that are publicly traded. It compiles information from SEC filings, newspapers, blogs, social media, analyst research notes, corporate press releases, and purchasing and selling desk sources for its firms. In addition to offering free services, the corporation charges subscription fees.
“TipRanks is a pure dwelling for The Fly,” said Ron Etergino, the president of The Fly. “Each firms attempt to stage the enjoying discipline for buyers, and TipRanks’ institutional-grade analysis instruments and information will improve The Fly’s monetary information merchandise.”
“Now that we have seen how great TipRanks’ mission is, we are excited to start this new chapter for both our clients and personnel. The Fly will be able to continue its aim of breaking news that moves shares thanks to this combination.”