Fitch Solutions - New York - June 21, 2022: Fitch Group, a global leader in financial information services owned by Hearst, today announced that it has completed its acquisition of GeoQuant, an AI-driven data and technology company that measures and predicts geopolitical and country risks at high frequency.
The company was acquired from its founders, along with other shareholders, including Aleph VC, XL Innovate Fund and prominent fintech investor David Magerman. The acquisition follows a 2019 Series A funding, led by Fitch Ventures, the equity investment arm of Fitch Group. Financial terms for the deal were not disclosed.
GeoQuant will become part of Fitch Group’s Fitch Solutions division, sitting within its Country Risk and Industry Research offering, which provides in-depth data and research for more than 200 markets and more than 20 industries. The business will continue to operate under the GeoQuant brand.
Nick Morgan, Head of Country Risk Intelligence at Fitch Solutions, said:
“We are very pleased to welcome Mark and the GeoQuant team to Fitch Solutions. The addition of GeoQuant strongly complements Fitch Solutions Country Risk & Industry Research by offering high frequency political risk data.”
Mark Rosenberg, PhD., GeoQuant CEO and Co-Founder, said:
“As geopolitics continues to be a critical factor in investment and risk management decisions, we’re thrilled to become part of Fitch Solutions. Our combined service offerings will allow us to expand our reach while continuing to provide best-in-class, high-frequency data to our clients.”
Based in New York, GeoQuant’s core technology includes a proprietary suite of real-time political risk indicators and predictive analytics available via web application and API. GeoQuant’s data underpins a wide range of asset and risk management strategies – including those related to Sovereign ESG – while forecasting daily directional changes in sovereign rates and FX that outperform markets on average. The firm’s political scientists generate research insights that connect the dots between politics and markets and forecast commercially relevant political events.
About Fitch Group
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of data, research and analytics; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.
Fitch Ventures, the equity investment arm of Fitch Group, makes equity investments in innovative and emerging technology companies in the rapidly evolving financial services industry to help accelerate their commercial growth. Portfolio companies benefit from the strategic support and expertise of Fitch Group and Hearst.
GeoQuant is a venture-backed technology company fusing political and computer science to measure and predict political risk. Its core technology is a proprietary suite of real-time indicators and predictive analytics available via web application, custom dashboards and API. Clients include asset managers, multinationals, insurance and government.
Media Relations: Mark Tierney, London, Tel: +44 20 3530 1697