Investing.com, a major platform for financial markets data, tools, analysis, and news, announced on Monday the acquisition of Streetinsider to further expand its content offerings. The financial terms of the deal remain unknown.
Investing.com Acquires Streetinsider
Streetinsider offers market-moving breaking news on equities. Established in 1999, the platform is known for providing “news, analysis, and exclusive insider information” to its users.
“StreetInsider is thrilled to join the Investing.com team in the quest to level the playing field for all investors,” said Lon Juricic, the Founder of StreetInsider.
“Crucially, Investing.com’s acquisition of StreetInsider acknowledges that in this ongoing ‘Information Age’, content is king. We are eager to witness the forthcoming powerful impact of combining our next-generation on-the-spot stock market news and analysis with Investing.com’s real-time premium data, creating an unprecedented potent toolbox for any retail investor out there.”
Investing.com has already integrated Streetinsider into its platform and will embed a range of StreetInsider’s core news services into its mobile apps and website. While some of the contents can be accessed freely, Investing.com will also put StreetInsider’s contents behind a paywall.
Despite the acquisition, StreetInsider will continue to operate independently and keep selected feeds exclusive to its platform.
A Major Source of Market Data and Analysis
Investing.com was established in 2008 by Dror Efrat with three other co-founders. Efrat, who purchased the domain name Investing.com for $2.45 million, left the company after selling it to an international investment fund based in Asia in April 2021.
According to the official numbers, the platform is accessed by 60 million retail investors every month. Its contents are available in 33 languages and are circulated in 136 countries.
Investing.com further highlighted that the latest acquisition would provide momentum to its InvestingPro premium subscription service launched in May 2022, which came with the acquisition of Finbox in 2021.
“The acquisition of StreetInsider is a testament to Investing.com’s plans to invest more in premium breaking news and to make it accessible and affordable for all,” said the Chief Product Officer at Investing.com, Shlomi Biger.
“Whether it be free access through Investing.com or affordable access through our InvestingPro subscription service, we are enabling millions of users globally to continue taking advantage of game-changing tools that can help them unlock the true potential of successful trading in financial markets.”
