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Chart IQ Acquired by S&P Capital IQ - I Love It When Good Things Happen to Great Founders
Howard Lindzon
January 06, 2023
Good morning.
First checks are the best checks.
Back in 2013 in our first formal Social Leverage fund, we invested (first check) in Chart IQ. I met Dan through the Stocktwits community and just loved his charting product and data visualization vision. He and Terry built a great company in the business financial powering hundreds of brokers and financial companies (including Yahoo, Stocktwits, Etoro).
A few years back, Dan and his partner terry rolled out a second product line called 'Finsemble' and changed the company name to 'Cosaic'.
Yesterday S&P Global announced their acquisition of the company:
S&P Global (NYSE: SPGI), provider of credit ratings, benchmarks and analytics, has announced the acquisition of ChartIQ, a premier charting provider for the financial services industry. The acquisition will form part of the S&P Global Market Intelligence (Market Intelligence) division and further enhance its flagship S&P Capital IQ Pro platform, its digital investment solutions provider Markit Digital and other workflow solutions to provide the industry with leading visualization capabilities.
Dan and his co-founder Terry and the investors (including Social Leverage) will keep the fast growing Finsemble line and continue to operate and grow it as a standalone company.
I remember the first meetings with Dan and team and all the strategy meetings along the way and all the ups and downs over the nine year journey.
We appreciate all the hard work and are excited for the next phase of growth for Finsemble. It was nice to get this note from dan as well when the news was released...
Have a great day.
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