NEW YORK, Sept. 12, 2017 /PRNewswire/ -- Triton, the developer of a financial data and analysis platform that uses technology to power data-driven investment and acquisition decisions, announced an investment today from the D. E. Shaw group.
The financing will further development of Triton's intelligence platform, which capitalizes on the recent phenomenon of geometrically-expanding and diversifying data to understand companies in atomic detail. Innovative companies are often difficult to analyze with traditional data and accounting systems, and Triton seeks to make capital allocation to this growth sector more rational and data-driven.
"We are delighted to work with Triton to explore new data methodologies for finance," said Alexander Wong, a managing director at the D. E. Shaw group.
"Triton is excited to welcome the D. E. Shaw group as its first institutional investor, joining individual investors experienced in financial data and financial services, and furthering our goal of producing scaled and institutional-grade data solutions," said Triton CEO Rett Wallace. "The D. E. Shaw group's position as an innovator in financial technology aligns perfectly with our mission at Triton."
Triton offers institutional-grade financial data and analysis as a service to institutional investors and corporations. Triton's customers include some of the largest and best-known investment institutions and corporations in the world. Triton's investors include the D. E. Shaw group and individual investors experienced in financial data and services. Triton is based in New York City. Please visit www.triton.ai for more information.
About the D. E. Shaw group
The D. E. Shaw group is a global investment and technology development firm with more than $42 billion in investment capital as of April 1, 2017, and offices in North America, Europe, and Asia. Since its founding in 1988, the firm has earned an international reputation for successful investing based on innovation, careful risk management, and the quality and depth of its staff. Please visit www.deshaw.com for more information about the D. E. Shaw group.
This press release is provided for the reader's information only and does not constitute investment advice or convey an offer to sell, or the solicitation of an offer to buy, any securities or other financial products. Please also note that this press release has not been updated since its dateline for any information contained in it that may have changed, including any beliefs and/or opinions. In addition, no assurances can be given that any aims, assumptions, expectations, and/or goals described in this release will be realized or that the activities or any performance described herein did or will continue at all or in the same manner as at the time of the press release.
Media Contact: Rett Wallace, Triton Research LLC, (212) 804-6151, firstname.lastname@example.org