Through partnerships with Bank of America, Morgan Stanley,
and many more, AlphaSense will provide unprecedented access to the
world's leading equity research.
NEW YORK, May 12, 2020 /PRNewswire/
-- AlphaSense, the search engine for market
intelligence, has partnered with leading financial institutions to
provide corporate professionals with access to the world's most
respected equity research. Through partnerships with Bank of
America, Morgan Stanley, Barclays, Deutsche Bank, Evercore ISI,
HSBC, Sanford Bernstein, and others,
AlphaSense will launch Wall Street Insights, a unique research
collection that provides corporations unprecedented access to a
deep pool of insights from thousands of expert analysts.
Equity research, which forms a multi-billion-dollar business for
Wall Street, is produced by thousands of analysts worldwide in
order to provide the market with valuable expertise on companies,
industries and market trends. Today, over 90% of equity research is
consumed by fund managers, who have the resources to acquire it and
the analyst bandwidth to mine it for insights. For corporate
strategy professionals who lack this access, however, equity
research has historically been challenging to obtain and
navigate.
To help corporations overcome these challenges, AlphaSense is
introducing Wall Street Insights, the first and only equity
research collection purpose-built for the corporate user. Through
the AlphaSense platform, any business making strategic plans or
product decisions, conducting competitive analysis, evaluating
M&A, or engaging in investor relations can now tap into the
deep industry expertise of Wall Street's top analysts.
"AlphaSense has developed truly groundbreaking AI and NLP
technology to solve the challenge of information discovery," says
Candace Browning, Head of Global
Research at Bank of America. "We chose AlphaSense as our partner
for the corporate market as we believe it is the best solution to
enable corporations to benefit from the breadth and depth of our
research."
Today, over 1,000 enterprise clients, including more than 500
public companies and half of the S&P 100, rely on AlphaSense to
power data-driven decision making. Corporate users are typically
knowledge professionals that work within departments focusing on
Corporate Strategy, Corporate Development, Financial Planning, and
Investor Relations, among others.
"We are delighted to partner with AlphaSense to expand access to
Morgan Stanley Research," says Simon
Bound, Global Head of Research at Morgan Stanley. "It's
clear that there is demand for highly specialized equity, industry
and macroeconomic research among the corporate audience. We believe
that the deep expertise of our global analysts will improve
strategic decision making within corporations across all
industries."
In addition to the equity research partnerships announced today,
AlphaSense provides access to over 100 million documents including
SEC filings, earnings call transcripts, private company data,
newspapers and trade journals, and regional and industry research,
all aggregated from more than 10,000 sources. The company's
proprietary, AI-based semantic search platform, which captures
variations in human language and accurately recognizes millions of
business and financial terms and their synonyms, allows corporate
users to search the entire collection in seconds.
Founded in 2011, AlphaSense recently secured $50M in Series B funding led by Innovation
Endeavors, the investment firm founded by former Google CEO
Eric Schmidt, with participation by
Soros Fund Management. In 2019, AlphaSense surpassed 1,000
enterprise customers and 300 employees across its offices in the
U.S., U.K., Finland, and
India.
About AlphaSense
AlphaSense is a search engine for market intelligence that
transforms how decisions are made by the world's leading
corporations and financial institutions. Leveraging AI and NLP
technology, AlphaSense enables knowledge professionals to extract
insights in seconds from thousands of previously disparate business
data sources, including company filings, event transcripts, news
and trade journals, and equity research. Founded in 2011 and backed
by investors including Innovation Endeavors and Soros Fund
Management, AlphaSense is on a mission to empower organizations to
make data-driven decisions with confidence. To learn more, please
visit www.alpha-sense.com.
About Bank of America
Bank of America is one of the world's leading financial
institutions, serving individual consumers, small and middle-market
businesses and large corporations with a full range of banking,
investing, asset management and other financial and risk management
products and services. The company provides unmatched convenience
in the United States, serving
approximately 66 million consumer and small business clients with
approximately 4,300 retail financial centers, including
approximately 3,000 lending centers, 2,700 financial centers with a
Consumer Investment Financial Solutions Advisor and approximately
2,100 business centers; approximately 16,900 ATMs; and
award-winning digital banking with approximately 39 million active
users, including approximately 30 million mobile users. Bank of
America is a global leader in wealth management, corporate and
investment banking and trading across a broad range of asset
classes, serving corporations, governments, institutions and
individuals around the world. Bank of America offers
industry-leading support to approximately 3 million small business
owners through a suite of innovative, easy-to-use online products
and services. The company serves clients through operations across
the United States, its territories
and approximately 35 countries. Bank of America Corporation stock
(NYSE: BAC) is listed on the New York Stock Exchange.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
Contact: Christine Magee,
818-281-6314, cmagee@alpha-sense.com
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