S&P Global Market Intelligence and Vertical IQ Announce Strategic Collaboration to Support U.S. Financial Institutions

Rhea-AI Summary

S&P Global Market Intelligence and Vertical IQ have announced a strategic collaboration to enhance industry research and insights for U.S. financial institutions. This partnership will allow S&P clients to access Vertical IQ's extensive reports covering over 90% of the U.S. economy, including various industries like construction and manufacturing. The collaboration aims to support financial institutions in providing better access to essential services for small businesses, aligning with the companies' commitment to local market support.

Positive

• Strategic collaboration expected to enhance service offerings for U.S. financial institutions.
• Access to Vertical IQ's reports covering over 90% of the U.S. economy.
• Aims to provide essential insights for improved financial services to small businesses.

Negative

• None.

NEW YORK, Jan. 12, 2021 /PRNewswire/ -- S&P Global Market Intelligence, the division of S&P Global that provides data, essential insights and powerful analytics to help navigate the financial markets, and Vertical IQ, a leading provider of industry intelligence, announced today a strategic collaboration to share industry research and insights between their respective platforms to support U.S. financial institutions.

The collaboration will provide S&P Global Market Intelligence clients with access to Vertical IQ's in-depth reports on industries covering the small-medium-enterprise (SME) landscape across more than 90% of the U.S. economy, including florists, breweries, laundromats, construction, manufacturing, etc. These comprehensive reports will include insights such as local business industry structure, working capital requirements, financial benchmarks, and tools built specifically for lenders. Vertical IQ also offers local economic profiles for over 300 metro areas and 3,100 counties.

"In these unprecedented times, financial institutions remain committed to the local markets they serve and continue to be a key driver behind the U.S. economy providing essential services to small businesses. Our collaboration with Vertical IQ highlights our continued commitment to providing local financial institutions with the tools and insights needed to offer additional financial access to small businesses. We are thrilled to be working with Vertical IQ and leveraging their unique expertise with industry insight and local/regional business economies," said Jimmy Pittenger, Senior Director of Financial Institutions at S&P Global Market Intelligence.

"The strategic collaboration between Vertical IQ and S&P Global Market Intelligence is a natural fit that will expand the reach of both companies," noted Bobby Martin, co-founder and CEO of Vertical IQ. "Our customers have been asking to have Vertical IQ's Industry Intelligence combined with additional relevant data, offering a one-stop sales readiness solution. By integrating S&P Global Market Intelligence with our Industry Intelligence, we are giving bankers easy access to the actionable information they need right at their fingertips."

The S&P Global Market Intelligence platform comprises a desktop offering providing vast market data, deep sector analysis, and sector-focused news to provide insights to investors and deal makers. Its XpressFeed™ solution uses the combined strength of S&P Global Market Intelligence and select third-party vendors to enhance internal analytics, financial portals, CRM, and more.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities around the world use this essential intelligence to make business and financial decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. S&P Global has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. For more information, visit www.spglobal.com/marketintelligence.

About Vertical IQ

Headquartered in Raleigh, N.C., Vertical IQ is a nationally recognized leader in Industry Intelligence. Whether they're pitching a local brewery or a national biotech, successful sales and marketing teams use Vertical IQ to better understand a prospect's or customer's business challenges before, during, and after sales meetings. Covering more than 525 distinct industries, 3,400 local economies, and more than 90 percent of the U.S. economy, Vertical IQ equips users with the confidence and credibility to make memorable first impressions and sustain enduring relationships. Learn more about how Readiness Wins at VerticalIQ.com.  

Media Contact
Amanda Oey
S&P Global Market Intelligence
+1 212-438-1904
amanda.oey@spglobal.com

David Buffaloe
CMO
Vertical IQ
+1 919-522-6131
dbuffaloe@verticaliq.com

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SOURCE S&P Global Market Intelligence

FAQ

What is the recent collaboration announced by S&P Global Market Intelligence?

S&P Global Market Intelligence announced a strategic collaboration with Vertical IQ to share industry research and insights for U.S. financial institutions.

How will the collaboration benefit S&P Global Market Intelligence clients?

Clients will gain access to Vertical IQ's in-depth industry reports covering more than 90% of the U.S. economy, improving their ability to serve small businesses.

What industries are covered in the reports provided by Vertical IQ?

The reports cover various industries including florists, breweries, laundromats, construction, and manufacturing.

When was the collaboration between S&P Global and Vertical IQ announced?

The collaboration was announced on January 12, 2021.

What is the significance of the collaboration for financial institutions?

It enhances their capability to provide essential services and insights required for better financial access to small businesses.