S&P Global (NYSE: SPGI) today announced that it has acquired ProntoNLP, a leading provider of Generative Artificial Intelligence tooling, allowing users to derive differentiated insights from unstructured and structured data. ProntoNLP’s proprietary models and LLM-based signal tools will bolster S&P Global’s textual data analytics capabilities.
Founded in 2021, ProntoNLP utilizes proprietary natural language processing (NLP) capabilities coupled with large language models (LLMs) for fast, efficient and deep analysis of unstructured financial data at scale. Powered by artificial intelligence (AI), the company offers a set of customizable solutions for event detection and sentiment scoring. ProntoNLP will be integrated within the S&P Global Market Intelligence division of S&P Global, and its intellectual property is expected to power broader enterprise-wide applications.
“This acquisition underscores our commitment to advancing AI-driven solutions that harness both structured and unstructured data to deliver actionable insights,” said Frank Tarsillo, Chief Technology Officer of S&P Global Market Intelligence. “By integrating ProntoNLP’s cutting-edge expertise in signal processing with our existing platforms, we aim to enable richer context understanding, more accurate predictions, and faster decision-making for our customers.”
The transaction closed on December 31, 2024. The financial terms of the transaction were not disclosed.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges, and accelerate progress for the world.
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