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Deutsche Boerse makes strategic investment in Trifacta

First Published 28th September 2017

Investment in Trifacta to create new data driven products and services through wrangling of diverse and large data pools

Carsten Kengeter, Deutsche Börse

Carsten Kengeter, Deutsche Börse

Deutsche Börse Group has invested into Trifacta, a provider of data wrangling. The Group acquired a minority stake; and the investment will be managed by its corporate venture capital arm, DB1 Ventures. Thomas Curran, Advisor Innovation & Technology to Deutsche Börse, will join the non-executive board as observer for Deutsche Börse.

"As digitisation will continue to impact financial markets, we aim to create a digital transaction platform benefitting from stronger data and analytics," said Carsten Kengeter, CEO of Deutsche Börse AG. "By partnering with Trifacta, we enhance our analytics technologies for Big Data and advance our customer solutions."

"Deutsche Börse manages some of the largest and most diverse data in capital markets. To improve their information agility, they selected us as their enterprise standard for self-service data preparation and we are now thrilled to also welcome them as a strategic investor. With their help, we will continue to optimize Trifacta for the data wrangling needs of the industry's leading financial organizations," said Adam Wilson, CEO, Trifacta.