Coface, a leader in trade credit insurance and adjacent specialty services, has acquired North American data analytics boutique Rel8ed.
The acquisition will bring in new and rich data sets, and analytics capabilities which will benefit Coface trade credit insurance, as well as the company’s business information customers and teams.
Founded in 2015 with the support of Innovate Niagra’s incubator program in Ontario, Rel8ed has offices in the US and Canada.
The firm specialises in the integration, cross-referencing, analysis and inference from big data extracted from multiple sources. Rel8ed’s customers range from multi-national companies, governments, and business associations.
“Over the last year, as we partnered with Rel8ed, it has demonstrated a truly distinct set of capabilities to Coface and our clients, in the North America market, where deep insights into mid-market and small businesses are difficult to acquire,” said Oscar Villalonga, CEO for Coface North America.
“Bringing their unique approach and methodology to curating open, public, and alternative data sources will help us expand our database. Ultimately, it will allow us to better accompany our clients which need to closely monitor their credit and supply chain risks.”
“Businesses don’t simply need access to broad data sources, they need predictive analytics and actionable insights to support their business decisions. We are happy to welcome the experts of Rel8ed into Coface. Adding their talents and skills to our set-up will allow us to continue enrich our data capabilities and get the most out of it for our clients” said Thibault Surer, Director of Strategy and Business Development at Coface.
