RavenPack, a provider of Big Data Analytics to an assortment of financial institutions, has strengthened its capabilities by launching a new partnership with financial media outlet Benzinga, according to a RavenPack statement.
RavenPack helps develop and provide news sentiment and analytics utilities for both retail and institutional clients, consisting of quantitative investment firms, banks and financial technology providers.
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The decision to partner with Benzinga helps expand Ravenpack’s coverage and focus, which will expand to small and large-cap companies, M&A, IPOs, rumors, and myriad market factors. The partnership is also important as it will further help RavenPack process unstructured big data into more a structured format, albeit through more focused channels. Furthermore, RavenPack has also integrated both historical and real-time content from Benzinga Professional to further bolster its comprehensive news analytics offerings.
According to Armando Gonzalez, Chief Executive Officer (CEO) of RavenPack, in a recent statement on the partnership: “Timeliness, reliability, and being tuned into Wall Street are key ingredients in creating powerful analytics for investors and traders. We are excited to see Benzinga content feeding into our text analysis algorithms that currently deliver actionable insights to the top banks and asset management firms in the world.”
“We are delighted to partner with RavenPack and look forward to delivering dynamic and innovative content to its existing and new customers. We speak with companies, analysts and fund managers daily to generate exclusive scoops. Combining our content with RavenPack’s superior technology will keep investors and traders ahead of the pack with what’s happening in the market,” added Jason Raznick, founder and CEO of Benzinga, in an accompanying statement.