Infochimps, a marketplace for data sets, is announcing the acquisition of Y Combinator-incubated startup and competitor Data Marketplace. Terms of the deal were not disclosed but we understand it was an all-cash deal.
There has always been a vibrant ecosystem around financial data. Financial institutions, such as hedge funds and investment banks, pay thousands of dollars for quantitative tabular data (financial data in spreadsheets). But now, the web has provided a mechanism to distribute and publish large amounts of data, but much of this data is raw (meaning, it’s not built into a spreadsheet format) and hard… → Read More