Financial Technology

Financial Technology

December 05, 2012

Lumesis Expands DIVER Platform with Series A Funding

Lumesis has increased the number of customers, its product offerings and its fundamental muni-bond data repository since Safeguard Scientifics, Inc. deployed $2.2 million of a $2.5 million Series A financing in Lumesis.

Lumesis looks to improve its DIVER Platform with this funding. DIVER Analytics is a suite of analytical and visualization tools serving Credit Analysts, Portfolio Managers and Risk Managers.

Based on market insights derived from current data, it allows users to achieve advanced portfolio and geographic analysis.

Serving the Financial Advisor network of the users, DIVER Advisor is a complete information delivery and compliance solution. This solution safeguards from reputational risk through better control by offering the fact-based delivery of information and data supporting compliance with the latest regulatory requirements.

Lumesis has enhanced DIVER Analytics platform to provide a new module that captures granular data for comparative analysis. The company has also unveiled DIVER Advisor on this occasion.

“Through our DIVER muni platform, we now offer visualization tools and analytics for over 220 datasets—an increase of nearly 90 percent since the beginning of 2012,” said Tim Stevens, cofounder and president of Lumesis. “No other platform in the muni-bond market offers this amount of issuer linked, location-based data. With our enhanced data availability, we have increased our offering to the municipal bond marketplace with data from more than 40 distinct sources which supplement financials that are oftentimes more than six months old.”

In March 2012, the company signed a product-linking agreement with its new partner, Investortools, Inc. – a software provider. According this agreement, both companies will jointly provide Municipal Bond Data Analytics to a wide clientele. With this, Investortools clients using CreditScope Municipal Edition software easily connect to Lumesis' SaaS (News - Alert), a cloud-based DIVER program.

Also, Investortools will provide its clients data mapping and other analytical tools available through DIVER.

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Edited by Braden Becker

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