Deutsche Börse Group has invested into Trifacta, a global leader in data wrangling. The Group acquired a minority stake; and the investment will be managed by its corporate venture capital arm, DB1 Ventures. Thomas Curran, Advisor Innovation & Technology to Deutsche Börse, will join the non-executive board as observer for Deutsche Börse.
“As digitisation will continue to impact financial markets, we aim to create a digital transaction platform benefitting from stronger data and analytics,” said Carsten Kengeter, CEO of Deutsche Börse AG. “By partnering with Trifacta, we enhance our analytics technologies for Big Data and advance our customer solutions.”
“Deutsche Börse manages some of the largest and most diverse data in capital markets. To improve their information agility, they selected us as their enterprise standard for self-service data preparation and we are now thrilled to also welcome them as a strategic investor. With their help, we will continue to optimize Trifacta for the data wrangling needs of the industry’s leading financial organizations,” said Adam Wilson, CEO, Trifacta.
“We have invested into Trifacta in order to create new data driven products and services through efficient wrangling of our diverse and large data pools. With Trifacta Enterprise, we can explore new extensions in our data services offering in areas like risk management, investment decision making and trading analytics”, explained Ankur Kamalia, MD & Head of Venture Portfolio
Management and DB1 Ventures, Deutsche Börse.
Trifacta, based in San Francisco, provides solutions for data wrangling that are able to explore and prepare large volumes of diverse data into usable data for immediate insights and use in analysis tools. The firm’s products make the process of discovering, structuring, cleaning, enriching, validating and publishing analysis-ready data more intuitive and productive for anyone who works with data. Currently, the Trifacta platform is used by Google for its enterprise cloud data preparation service among others.
Source: Deutsche Börse
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