News Briefs

Tegus acquires venture-backed financial research platform Canalyst

Canalyst earlier this year secured $70 million in Series C financing led by Dragoneer Investment Group.

-
  • Tegus was advised on the transaction by teams at Latham & Watkins and Davies Ward Phillips & Vineberg
  • The company also recently acquired BamSEC

Tegus, a Chicago-based research platform for investors, has acquired Canalyst, a Vancouver-based financial data and analytics provider. No financial terms were disclosed.

Canalyst earlier this year secured $70 million in Series C financing led by Dragoneer Investment Group. Its other backers include Canada Pension Plan Investment Board, Alta Fox Capital, HighSage Ventures, Vanedge Capital and ScaleUP Ventures.

“Evaluating business and investment opportunities is an extremely inefficient process today,” said Tegus Founders and Co-CEOs Michael Elnick and Thomas Elnick, in a statement. “With our acquisition of Canalyst, we’ll be able to provide customers with a comprehensive view of the qualitative and quantitative data they need to uplevel and scale their investment decisions – all on a single platform.”

Tegus also recently acquired BamSEC, empowering Tegus platform users with powerful workflows to analyze core company filings and disclosures.

Tegus was advised on the transaction by teams at Latham & Watkins and Davies Ward Phillips & Vineberg.