STAMFORD, CT and Irvine, Jan. 29, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Lumesis Inc., a leading provider of data, business efficiency and regulatory compliance solutions for the municipal market has announced a strategic partnership with Bitvore Corporation. The strategic partnership will provide the market with a single platform for easy access to up-to-date material changes in municipal bond issuers and obligors.
"Bitvore for Munis brings to the market obligor and CUSIP-specific news for portfolio monitoring and on-demand information. This partnership reinforces our objectives of illuminating the municipal market with today's technology and delivering best in class, meaningful resources to our users," said Gregg L. Bienstock, Esq., CEO and Co-Founder of Lumesis. "The market and our clients will benefit from the simplicity of accessing big picture and local information from a single source. The breadth, depth and accuracy of Bitvore for Munis is an outstanding complement to our DIVER platform."
Bitvore for Munis provides Obligor Intelligence by monitoring over 13,000 sources of news across the US to alert customers of material situations directly related to their portfolio. A subscription to Bitvore for Munis is available immediately through Lumesis Diver products and via the Lumesis sales team.
"In the time it takes to enjoy a morning cup of coffee, our customers use Bitvore to review the material changes that happened to all the obligors in their portfolio. For surveillance, research or generating trade ideas, having fast access to relevant news on obligors enables analysts and portfolio managers to make better decisions." said Jeff Curie, CEO of Bitvore Corp. "We're really happy to be working with the team at Lumesis to offer our obligor intelligence solution to customers directly through the Diver platform."
To learn more about Lumesis and its DIVER platform and solutions, visit http://www.lumesis.com
About Lumesis, Inc. Lumesis Inc. is a financial technology company focused on providing business efficiency, data and regulatory solutions for the Municipal marketplace under the DIVER brand. The DIVER platform provides access to and use of hundreds of data sets allowing clients to more effectively and efficiently address business needs and comply with new and evolving regulatory requirements. The DIVER suite of solutions provides regulatory support helping address the new time-of-trade, suitability and supervisory rules, standard of creditworthiness as required by Dodd-Frank and addresses the realities of the municipal marketplace: stale financials, fiscal uncertainty and infrequent ratings.
About Bitvore Corp. Bitvore Corp., http://www.bitvore.com, develops easy-to-use applications for financial markets that provide an information advantage through laser-focused, low-noise surveillance of customer portfolios over news, social media and public data sources. Bitvore high performance system gives our customers the ability to uncover and act on intelligence hours or days before others. The company counts a growing number of investment banks and Wall Street firms among its customer base. Bitvore is based in Irvine, California.
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