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.
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. As part of the transaction, Kevin Barresi will become the Chief Technology Officer (CTO) of FinTech Studios.
iUbble and FinTech Studios co-developed Apollo™, 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.
"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.