Zema Global, a leading provider of data management and analytics solutions for energy, resources and financial services companies, announced that it has acquired cQuant.io, a market leader in analytics solutions for energy and resources companies. The acquisition was funded by FTV Capital, Zema Global’s current investor, and marks a significant step in the company’s mission to deliver real-time, enterprise-level insights that redefine how energy and resources companies operate.
Andrea Remyn Stone, CEO of Zema Global, said: “This is a pivotal moment for Zema Global and for our customers. With cQuant.io, we are taking a major step toward delivering true end-to-end data and analytics capabilities. Our combined offerings will provide the energy and resources sector with the accuracy, speed and intelligence needed to thrive in today’s dynamic environment.”
This strategic acquisition combines Zema Global’s enterprise data and curve management capabilities with cQuant.io’s advanced analytics platform, enabling clients to make faster and more accurate decisions in highly complex and volatile markets.
The companies complement each other uniquely, with each delivering powerful, cloud-native platforms that can cover the full spectrum of data entry, valuation, forecasting and portfolio optimization.
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Under the terms of the agreement, David Leevan, former CEO of cQuant.io, will serve as president of Zema Global, leading the company’s expansion within the advanced analytics space. cQuant.io will operate as a wholly owned subsidiary under the name “A Zema Global Company.”
David Leevan, former CEO of cQuant.io and President of Zema Global, said: “We are incredibly excited about our partnership with Zema Global. The combination of Zema Global’s leading data infrastructure with our analytics infrastructure is an incredibly powerful proposition to the market. We are excited to offer clients a unified solution that meets their evolving needs, from data acquisition through to portfolio and risk optimization.”
Robert Anderson, Partner at FTV Capital, said: “This acquisition builds on Zema Global and cQuant.io’s shared vision to fundamentally change the future of decision-making in energy and resources.” Brent Fierro, Partner at FTV Capital, added : “We are extremely proud to support this strategic acquisition that positions the newly expanded organization as a clear market leader in data-driven insights and business intelligence.”
With the acquisition, Zema Global demonstrates its commitment to delivering key solutions for energy and resources companies that are faced with increasingly complex data and need to make optimal real-time decisions across global operations. Customers will benefit from improved interoperability, faster time to insights and a seamless data-to-analytics workflow across asset classes and geographies.
With over 200 clients worldwide, Zema Global’s footprint now includes an expanded global analytics team and greater depth in quantitative modeling, asset valuation, renewable energy forecasting, and hedge optimization. Zema Global and cQuant.io will continue to operate as closely aligned entities investing in innovation, product development, and global support to deliver trusted, enterprise-grade solutions for the world’s most sophisticated market participants.
Massumi + Consoli and KPMG acted as advisors to Zema Global and FTV Capital, and DA Davidson and Foley and Lardner LLP acted as advisors to cQuant. Financial terms were not disclosed.
Source: BusinessWire