Alacra is leveraging new technology to better capture and analyze critical data. The company, which provides data integration and legal entity mapping services to financial institutions and professional services firms worldwide, has chosen a solution from Connotate to automate its Web data monitoring and collection processes.
Looking to gain reliable access to data needed to bring product enhancement to market, Alacra faced a buy-versus-build decision last year. The company wanted to deliver a unique collection of information that would be of vital interest to a targeted segment of the financial community.
Steven Goldstein, CEO at Alacra, says, “We examined cost and time-to-market considerations when deciding whether to build or buy the capabilities needed for us to enhance a mission-critical offering. Connotate’s professional-grade solution proved more cost-effective than building in house, and it significantly accelerated our time to market.”
Connotate says it delivers intelligent Web extraction technology that can monitor high volumes of complex data at near real time, while also collecting, sorting and formatting that data quickly.