Will Leverage Quantalytics’ Proprietary Insights For Editorial ContentAnd Introduce Premium Digital Investment ProductsNEW YORK, Dec. 2, 2019 – Forbes CEO Mike Federle today announced that the company has acquired a majority stake in Quantalytics AI Labs (formerly Quantamize), a leading quantitative investment research and analytics company. The investment will allow Forbes to weave Quantalytics’ sophisticated investment analytics, research and insights into Forbes’ editorial content, while also paving the way for the companies to introduce new premium digital investment products. Quantalytics models 10,000 stocks from more than 30 countries, 3,000 ETFs, options and more than 100 cryptocurrencies. “In partnering with Forbes, we’re looking forward to launching sophisticated digital investment products and offerings, including mobile apps, premium newsletters and more.”The investment was orchestrated by Taha Ahmed, Forbes’ Strategic Investment lead, who is focused on mergers-and-acquisitions, strategic and venture investments, partnerships and more. As CEO of Quantalytics AI Labs, Stephen Mathai-Davis will report to a Board of Directors that includes representatives from Forbes Media, LLC and Integrated Whale Media Investments.

Source: Forbes December 02, 2019 16:18 UTC