FinTech Studios™, a leading NYC-based FinTech software company, announced today the acquisition of iUbble Inc., a FinTech software startup created 2 years ago by students and faculty at the Stevens Institute of Technology, a premier, private research university in Hoboken, N.J.
FinTech Studios develops and markets a cloud-based platform of curated, disruptive FinTech apps and big-data financial analytic products in partnership with leading FinTech startups, financial institutions, data providers and strategic partners. FinTech Studios was founded in 2014 by Jim Tousignant, the Company’s CEO, who previously was co-founder and President of Multex, a leading online financial information platform that went public in 1999 and achieved a market cap of $1.5 billion.
iUbble was started in 2014 by Kevin Barresi, a graduate school computer engineering student at Stevens Institute of Technology, and Dr. Mukund Iyengar, an assistant professor of computer engineering. iUbble initially developed an advanced web browser and messenger app for web and mobile devices, but pivoted after partnering with FinTech Studios, which became an investor and business partner and worked closely with iUbble’s founders to develop a disruptive new technology called Apollo™. As part of the transaction, Kevin Barresi will become the Chief Technology Officer (CTO) of FinTech Studios.
iUbble and FinTech Studios co-developed Apollo™ (http://apollo.fintechstudios.com), a revolutionary, cloud-based “big-data” investment news, research and analytics platform designed for investors, portfolio managers, research analysts, hedge funds, banks, brokerage firms, RIA’s, financial advisory firms, private equity firms, venture capital firms, family offices, media companies and corporations.
Apollo uses proprietary machine learning and natural language processing technology to intelligently search through millions of news, financial data, research and blog sites and intelligently “discover” and SmartTag™ highly relevant, actionable information and financial data. Apollo dynamically links any entity (company, person, place, topic) detected in any story with other relevant entities, financial information, apps, data and related links. Apollo integrates with email, CRM and compliant social media tools to easily share relevant, impactful insight.
FinTech Studios and Stevens Institute of Technology have been working together since 2014 to empower entrepreneurs to develop disruptive technology and businesses that will transform the Financial Services industry. The partnership between FinTech Studios and Stevens Institute of Technology aims to support and accelerate the launch of next generation financial technology products and big-data analytics, enabling entrepreneurs to drive a new era of financial services innovation. Students, faculty and alumni of Stevens Institute of Technology, known for its programs in computer science and financial analytics, are encouraged to innovate and start companies.
“FinTech Studios was started by successful FinTech entrepreneurs, and we understand firsthand the challenges that startups and early stage companies face when building a new FinTech company,” said Jim Tousignant, founder and CEO of FinTech Studios. “We partner and invest in creative, driven entrepreneurs like Kevin Barresi and in emerging growth companies like iUbble that want to transform the FinTech software and data industry.”
“We are excited to join FinTech Studios and integrate iUbble’s leading-edge technology with FinTech Studios’ cloud-based platform,” said Kevin Barresi, the founder and CEO of iUbble. “We also greatly benefit from our partnership with Stevens Institute of Technology, including the Office of Innovation and Entrepreneurship, the Stevens Venture Center and access to more than 6,800 undergraduate and graduate students and 380 faculty members from its School of Engineering & Science, School of Systems & Enterprises, School of Business, and College of Arts and Letters.”
“iUbble is an excellent example of the spirit of entrepreneurialism that is pervasive throughout the Stevens community, from our leaders to our freshman students, we cultivate innovation and entrepreneurship,” said Dr. Nariman Farvardin, President of Stevens Institute of Technology. “There is an extraordinary pool of local entrepreneurial talent in New York and New Jersey looking to gain a foothold in the growing financial technology category. We are pleased to collaborate with FinTech Studios to accelerate innovation and entrepreneurship in the fast growing FinTech market.”