Blockdata's technology synthesizes vast amounts of
unstructured information about the blockchain ecosystem to enable
financial institutions, governments and enterprises to confidently
decide on the use cases, companies, and projects they should
pursue
NEW YORK, Sept. 16, 2020 /PRNewswire/ -- CB Insights,
which enables the world's leading companies to make smarter
technology decisions, has acquired Blockdata, a Netherlands-based software company that tracks
the global blockchain economy.
Blockdata provides differentiated data and predictive insights
on the growing but increasingly complex blockchain and distributed
ledger technology ecosystem. Their technology enables financial
institutions, governments and enterprises to identify the most
credible use cases of blockchain and pinpoint the best companies
and projects to work with. Ultimately, this enables clients
to drastically reduce the uncertainty, time and effort to go from
technology discovery to decision.
This is CB Insights' second acquisition following soon after
their July 2020 acquisition of the
assets of Dow Jones VentureSource. Both M&A transactions
provide CB Insights' clients with proprietary data and intelligence
that will allow them to not just understand but ultimately make
decisions about technology more quickly and confidently.
The conversation between the companies was kicked off by a cold
email and came together fully virtually in less than 3
months. As a result of the acquisition, CB Insights will also
be opening an office in Amsterdam. Blockdata will remain a
stand-alone product with its own team and will be available on its
own as well as available to CB Insights clients.
"We are incredibly happy to have the Blockdata team join us at
this turning point for the DLT space. In the last 8
months, we have seen customer activity around the blockchain
accelerate dramatically. It's gone from something that was
considered possible or probable to something that is now
practical. As clients think about how to employ blockchain
technology to drive growth or improve operations, we're excited to
equip them with the intelligence they need to make decisions more
quickly and confidently," said Anand
Sanwal, CEO and co-founder of CB Insights.
"We believe that distributed ledger technology lays the
foundation for a truly digital economy, and we want to help people
enter and navigate this complex space. We've admired CB Insights
for a long time and this acquisition allows us to grow our team
here in Amsterdam and continue to
build out next gen tools that will help people track the
development of this technology," said Jonathan Knegtel, co-founder
of Blockdata.
About CB Insights
CB Insights builds software that enables the world's best
companies to discover, understand and make technology decisions
with confidence. By marrying data, expert insights and work
management tools, clients manage their end-to-end technology making
process on CB Insights. To learn more, please visit
www.cbinsights.com.
About Blockdata
Blockdata synthesizes vast amounts of unstructured information
about the blockchain/DLT ecosystem to enable financial
institutions, governments and enterprises to confidently decide on
the use cases, companies, and projects they should pursue.
For more information, please visit blockdata.tech.