Financial information and analytics company S&P Global has announced the acquisition of ProntoNLP, a leading provider of generative AI (GenAI) tooling, to strengthen its textual data analytics capabilities.

ProntoNLP, founded in 2021, specializes in leveraging proprietary natural language processing (NLP) technologies and large language models (LLMs) to extract valuable insights from both unstructured and structured data.

The integration of ProntoNLP into S&P Global Market Intelligence is expected to significantly enhance the company’s ability to deliver advanced, AI-driven solutions. With its expertise in event detection and sentiment scoring, ProntoNLP provides powerful, customizable tools for analyzing financial data at scale, offering fast and deep insights.

“This acquisition underscores our commitment to advancing AI-driven solutions that harness both structured and unstructured data to deliver actionable insights,” said Frank Tarsillo, Chief Technology Officer of S&P Global Market Intelligence. “By integrating ProntoNLP’s cutting-edge expertise in signal processing with our existing platforms, we aim to enable richer context understanding, more accurate predictions, and faster decision-making for our customers.”

ProntoNLP’s intellectual property will be used across S&P Global’s broader enterprise applications, helping to further position the company as a leader in AI-powered analytics.