Leeds-based tech firm The Data City has announced the latest in a series of partnerships. Having reinvented the way that firms are classified into industry sectors with its Real-Time Industrial Classifications (RTICs), it is now adding data from Dealroom, the global data platform for intelligence on startups and high-growth companies.
The partnership means that organisations can now benefit from combining The Data City and Dealroom data to have the most comprehensive information for firms researching the high-tech growth market. It has particular relevance for corporate finance professionals who are looking for acquisition targets in niche sectors with The Data City reducing the usually weeks-long search process to under a minute.
RTICs were developed by The Data City as an alternative to the outdated Standard Industrial Classifications, and are based on how companies describe themselves on their website, along with data from eight separate sources including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. Having previously worked on projects to discover the true number of firms in UK sectors such as space and satellites, and the Net Zero economy, The Data City has now teamed up with Dealroom to develop a service that offers the most comprehensive information on the most promising tech companies.
Alex Craven, CEO and co-founder at The Data City, said: “Our machine learning platform has helped find thousands of businesses that would normally be hard to identify, reducing weeks-long tasks to less than a minute. 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 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.
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.”
Yoram Wijngaarde, CEO and founder at Dealroom said: “We’re delighted to be partnering with The Data City and combining our data with their RTICs system. 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 and The Data City are looking forward to bringing you the most comprehensive database on acquisition targets.”
