A new partnership could speed up acquisitions of high-growth tech firms and start-ups.
The Data City in Leeds has signed a global partnership with Dealroom.co in Amsterdam. It will mean that corporate finance professionals, looking at acquisition targets will now be able to access the “most comprehensive information” in under a minute, rather than the usual weeks-long search process.
The Leeds operation reinvented how firms are classified into industry sectors with its Real-Time Industrial Classifications (RTICs) and will now add data on startups and high-growth companies from Dealroom.
“Our Real-Time Industrial Classifications have reinvented the way that firms have been classified and allow our customers to constantly check for firms in their areas of interest. Combined with Dealroom.co’s data on startups and scaleups, we have built a world-class system that will be invaluable for those working in the corporate finance and M&A sectors,” explained Alex Craven, CEO and co-founder at The Data City.
“Looking for acquisition targets in niche sectors is normally a difficult and time-consuming task, due to the lack of readily-available data. Using our RTICs, corporate finance professionals can be assured that they are accessing the most accurate, up-to-date information on the market.”
RTICs were developed by The Data City as an alternative to the “outdated” Standard Industrial Classifications and are based on how companies describe themselves on their website, along with data from eight separate sources including Creditsafe, Innovate UK and Companies House.
“We’re delighted to be partnering with The Data City and combining our data with their RTICs system,” added Yoram Wijngaarde, CEO and founder at Dealroom.co.
“Our complementary services bring together world-leading information on high-growth tech firms, across all sectors. These are important first steps and we look forward to developing the partnership and introducing the service to corporate finance professionals worldwide. Dealroom.co and The Data City are looking forward to bringing you the most comprehensive database on acquisition targets.”
