Seattle research software company Tyemill acquired by investment analytics firm
Anderson will be responsible for growing Syntax's business in the Pacific Northwest and expanding the company's reach in the region.
Syntax, a New York-based investment analytics firm with headquarters in Seattle, has acquired Seattle-based Tyemill.
Both companies announced the agreement on Tuesday. According to a press release, the 24 employees of Tyemill joined Syntax as a result of the acquisition on March 1.
Syntax CEO Patrick Shaddow stated in a press release that "the combined teams will continue developing and launching groundbreaking products and services." Tyemill’s expertise will allow us to provide a seamless customer experience.
Ellen Anderson, Tyemill CEO, will now lead Syntax's Seattle office, located in Fremont.
Syntax did not respond to questions about the transaction or provide any additional information.
Tyemill was founded in 2010 and makes software that helps clients to understand complex data. The company provides solutions to institutional investors, scientists and hospitals. Tyemill technology was used to support Syntax, according to a press release.
Anderson stated in the press release that despite the changes on the horizon our passion remains the same. Our shared vision will allow us to work together as a team and continue to drive product innovation. We'll also accelerate disruptions within the industry.
Syntax helps investors understand financial data. The company claims that its technology allows investors to research companies, identify target exposures and analyse portfolios. Syntax uses data from regulatory filings for its analysis. LinkedIn lists 45 employees of the company.
Shaddow joined Syntax in 2021. He spent 14 years as the head of index operations at S-Network Global Indexes Inc. before joining Syntax.