Infront continues to expand – acquires Inquiry Financial

Infront is now taking the next step in its expansion strategy and acquires the analysis and consensus Service Inquiry Financial.

Founded in 2004, Inquiry Financial has built up a broad coverage of fundamental data for approximately 2,200 companies and consensus for 1,200 companies in Europe. The coverage from Inquiry complements Infront’s high quality consensus and estimate service, SME Direkt. The combination enables Infront to have the leading offer to the market for consensus data for companies in northern Europe. Inquiry’s data will be available in Infront terminals and the feed solutions.

"The acquisition follows the growth strategy of Infront where we continue to expand in line with our long-term plan. By combining Inquiry’s data with SME Direkt, we get the best offer to the market of detailed high quality consensus with data series that provides the longest history of the European market. Simultaneously, it makes us less dependent on other suppliers. Also, we will further strengthen the SME Direkt market service for Investor Relations", says Kristian Nesbak, CEO of Infront.

"It is a great advantage for Inquiry Financial to become part of a leading group within the Fintech sector, which is expansive. This opens the door for strengthening growth. By combining Inquiry’s forces with SME Direkt and News Agency Direkt’s journalism, the result is an offer that no one on the market can match in terms of depth, quality and history" says Daniel Andersson, CEO of Inquiry Financial.

Following the acquisition, pioneering products developed by Inquiry Financial follows, such as latest screening tool Stock Piper aimed at professionals as well as private investors, will now be a part of the product portfolio.

 

For further information:

Max Hofer

CFO                                                 

Infront

Tel +47 971 48 953

hofer@infrontfinance.com

 

Daniel Andersson

CEO

Inquiry Financial

Tel +46 708 522 466

daniel.andersson@inquiry.se

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