Deutsche Boerse has acquired a minority stake in data wrangling firm Trifacta as it looks to advance its analytics technologies and launch new big data products.
Based in San Francisco, Trifacta provides services allowing users to prepare large volumes of data into useable data for use with analysis tools.
Deutsche Boerse explained the firm’s products make structuring, discovering, cleaning, validating and publishing analysis-ready data more productive for anyone working with data.
Ankur Kamalia, head of venture portfolio management and DB1 Ventures, commented the investment was made to create new data driven products and services by wrangling of its large data pools.
“With Trifacta Enterprise, we can explore new extensions in our data services offering in areas like risk management, investment decision making and trading analytics,” Kamalia said.
This is the latest investment the exchange operator has made, following its $5 million funding for reporting firm RegTek.Solutions.
RegTek.Solutions is a specialist provider of regulatory reporting compliance software based in New York.
The Trifacta investment will be managed by the exchange operator’s venture capital arm, DB1 Ventures. Thomas Curran, advisor for innovation and technology to Deutsche Boerse, will also join the board of Trifacta as a non-executive.