AlphaSense Completes Acquisition Of Tegus
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NEW YORK, July 8, 2024 ~ In a major move, AlphaSense, the leading market intelligence and search platform, has officially completed its acquisition of Tegus. This acquisition was first announced on June 11, 2024 and has now been finalized, bringing together two industry leaders in the field of market intelligence.

Tegus is a renowned provider of expert research, private company content, financial data, and workflow tools. With this acquisition, AlphaSense gains access to Tegus's vast content library covering both public and private companies. This will provide customers with unparalleled insights and comprehensive data sets to inform their business decisions.

In addition to the acquisition, AlphaSense also closed a new funding round of $650 million. The round was co-led by Viking Global Investors and BDT & MSD Partners, with participation from new investors such as J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl Capital, Alkeon Capital, as well as existing investors including Alphabet's CapitalG and Goldman Sachs Alternatives. This brings AlphaSense's valuation to an impressive $4 billion.

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The integration of Tegus into AlphaSense's operations will bring about accelerated growth and innovation for both companies. By combining their complementary product and content capabilities, customers can expect even more comprehensive insights from thousands of content sets.

As part of the deal, AlphaSense will also be adding Tegus employees to its workforce across offices in Chicago, Vancouver, and Waterford, Ireland. These employees will primarily focus on scaling Tegus's world-class library of expert transcripts while also enhancing the capabilities of its financial data and workflow tools.

This acquisition marks a significant milestone for both AlphaSense and Tegus as they join forces to provide customers with unparalleled market intelligence solutions. With their combined expertise and resources, they are poised for continued success in the industry.
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