Syntax Acquires Tyemill to Strengthen its Product Research and Development Capabilities
By Irene Chow on April 18, 2023
NEW YORK, April 18, 2023 /Business Wire/ -- Syntax (www.syntaxindices.com), a leading provider of innovative financial data and technologies, is pleased to announce the acquisition of the assets of Tyemill, a software research and development company headquartered in Seattle, Washington. The Tyemill team of 24 engineering, design and operations professionals became part of Syntax, effective March 1, 2023. As part of the integration, Tyemill’s CEO, Ellen Anderson, joined Syntax as Managing Director and Head of the Seattle Office.
"With Tyemill joining Syntax, the combined teams will continue to develop and launch groundbreaking products and services," said Patrick Shaddow, Syntax President and CEO. "Adding Tyemill’s expertise to our organization will enable us to deliver a seamless client experience and provide differentiated data that serve the investment community.”
The acquisition expands Syntax’s in-house capabilities and resources to execute its growth strategy and deliver on its robust product roadmap. Founded in 2010, Tyemill has supported Syntax’s economic research with technology that powers patented systems and proprietary commercial software applications. Tyemill’s tools are used in developing new methodologies for measuring risks associated with companies and investment vehicles, identifying trends in financial data and automating complex workflows.
“While changes are on the horizon, our passion remains unchanged,” stated Ellen Anderson. “Our shared vision, combined with the FIS methodology and domain expertise, will enable us as one team to continue driving product innovation and accelerate disruptions in the industry as we write our next chapter as a data company.”
Syntax is a financial data and technology company that has pioneered a proprietary approach to index construction, portfolio analysis, ESG and SDG measurement and other investment applications. Its patented Functional Information System (FIS®) platform goes beyond traditional sector and industry classification by using a systems approach to organize public and private companies. Clients can understand a company’s business characteristics and product lines to evaluate its risk and reward profile with pinpoint accuracy through Syntax’s FIS-based Affinity ® platform. Syntax’s mission is to power economic analysis using systems processing and enable investors to make better decisions. Learn more at www.syntaxindices.com.
Tyemill partners with industry leaders in economic research, healthcare, and bioinformatics, building innovative solutions to expedite early product adoption and capture market share, with customer experience at the core. Our projects involve designing scalable architecture, processing, distributing and analyzing big data, and automating complex workflows. Tyemill’s diverse, collaborative, and passionate team is the foundation that inspires our inventions.
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