Acuity Analytics Buy Boosts US Presence

British firm Acuity Analytics has acquired Continuus, a US-based data consultancy focused on financial services, boosting its offer in data strategy, governance, engineering and cloud data platforms.

Acuity Analytics is the trading name of Acuity Knowledge Partners, which split out from Moody's Corporation in 2019 when it was acquired by Equistone Partners Europe. In January 2023, Equistone sold a majority stake to another private equity firm, Permira, and a year ago Acuity acquired data science and digital transformation company Ascent, adding technology enabled data capabilities and machine learning expertise within commercial lending. It also bought commercial lending tech firm PPA Group in 2024. Acuity today boasts more than 7,800 analysts, data specialists and technologists across 28 locations, and supports financial services clients in improving efficiency, gaining better insight and making better decisions.

The buy, which will boost Acuity's presence in its largest market, the US, adds Continuus' 37 specialists, who work mostly with asset managers and other financial institutions to develop their enterprise data strategies, establish governance frameworks and deliver cloud data transformation and engineering programs. The company says financial institutions are increasing investment in modern data infrastructure to support regulatory requirements, improve decision making and enable the wider deployment of AI. The acquisition will help it build out an end-to-end offering spanning these areas.

Rob King (pictured), Acuity's CEO, states: 'What attracted us to Continuus was its deep understanding of financial services and its ability to turn data strategy into practical business outcomes for clients... The acquisition strengthens our presence in the US and further enhances our ability to help clients unlock value from their data while adopting new technologies with confidence.'

Continuus CEO Matt Moeser says his firm's focus has always been on 'helping financial institutions get more value from their data and technology investments,' and adds: 'Joining Acuity gives our team access to broader capabilities, deeper sector expertise and a global platform from which to grow.'

Terms of the transaction were not disclosed.

Web site: www.acuityanalytics.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.