September 2019 Company Newsletter
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In this month’s newsletter, we celebrate a major company milestone, a great description of Visible Alpha from WorldQuant, and tips on managing Slack. Happy reading!
Metrics
| As of July 31, 2019 | ||
| Total ACV | $19.2M | FY Budget: $24.8M |
| Retention Rate | 89% | FY Budget: 92.5% |
| # Paid Insights Users | 1,341 | +587 YTD |
| # of Companies in Consensus | 4,010 | +483 YTD |
| Models — Live | 118 | +15 YTD |
| Research — Live | 323 | +19 YTD |
| Events — Live | 224 | +10 YTD |
For all financial metrics, check out the Finance Intranet page >
Five Largest Clients by Total ACV
- Point72 — $1,924,000 (10.02% of Total ACV)
- Millennium — $1,650,000 (8.59% of Total ACV)
- Balyasny — $673,050 (3.51% of Total ACV)
- Wellington — $482,400 (2.51% of Total ACV)
- T.Rowe Price — $401,500 (2.09% of Total ACV)
Key Client Wins in August
- Cinctive Capital — Insights, $126K ACV, 14 users
- AllianceBernstein — Insights, $55K ACV, add-on of 7 users, now at a total of 20 users + Resource Tracking
- BlackRock — Insights, $35K ACV, add-on of 4 users, now at a total of 24 users
- Elliott Management — Insights, $65K, add-on of 8 users, now at a total of 31 users + Resource Tracking + Broker Vote
- Rubric Management — Insights, $37K ACV, 4 users
Company Notes
Milestones & Achievements
4,000+ companies in consensus
We crossed a tremendous milestone in August with over 4,000 companies now under coverage. This is truly a company-wide effort from contributor relations, onboarding, data ops, product, engineering support, sales and more. This comes 11 months after crossing the 3,000 company threshold in September 2018 and 2,000 in September 2017.
The Data Ops team actually added ~1,150 companies over 11 months, but 155 companies were dropped during this period due to M&A, reorgs, brokers dropping coverage, etc.
We also now have models on over 10,300 companies, and over the last two years, we have gone from seven models per covered company to 9.65 models per covered company.
In the News
Visible Alpha appoints Chief Product Officer to executive team >
Rosenblatt upgrades CIENA (CIEN) to buy >
Upcoming Events
- AI and Data Science in Trading | Produced by Alpha Events | London | September 16-17
- NIRI East | Produced by NIRI | New York | September 16-17
- AIR Summit | New York | September 18-19
- BattleFin | London | September 25-26
Questions about upcoming conferences? Contact Erin Gifford.
HR News
Gold Sponsorship at PyCon India 2019
We are a gold sponsor for PyCon India 2019 taking place in Chennai from October 12-15. This is a premier conference on using and developing the Python programming language, attracting the best Python programmers among the 1200+ attendees. Our sponsorship will help to increase our brand exposure within the community and will provide the opportunity to showcase our products and tech stack, as well as our overall company and culture.
A technical program quiz will be conducted at the booth and winners will take away some VA goodies!
We’ll also have giveaways for all visitors to our booth.
Product & Operations
There are no updates for product, operations and research.
Clients & Contributors
Client & Contributor Updates
Increasing coverage in Europe
Scott Rosen will be going on a European sell-side roadshow in October. One area of focus will be on Scandinavia. In addition, we have been leveraging our global and emerging European client base to reach brokers.
Competitor News
Bloomberg offers payment for exclusivity
Sanford Bernstein will no longer be contributing models to Visible Alpha as of November 6. Bloomberg is compensating them for an exclusive distribution arrangement, and while Bernstein recognizes this will anger some of their clients, they are under intense revenue and cost pressure, and felt they needed to make that deal.
While we believe this is an isolated incident, we will work to ensure it stays that way. We have an amazing product and will be looking to increase the exposure we give clients to their brokers, both within the platform as well as through outreaches to new and existing brokers. We are a great partner to our contributors, and our best response to this challenge is to continue to improve and accelerate.
In the News
Great Reviews
While gathering some intel for marketing on how quant funds view Visible Alpha, a user at WorldQuant said:
“I wouldn’t consider you as an alternative data provider, mainly because of where the data is coming from, which is the banks. We tend to think of alternative data as coming from non-traditional sources (think location data, credit card, website traffic). I would place you in the bucket with Bloomberg, Reuters, Factset because of your estimates product, and assuming you can get the KPIs right, you’ll be in a very strong position to be better than those 3.”
Fun Facts
Take back control
How to Stop Slack From Taking Over Your Life >
Random fact of the day
There’s a synonym for the word synonym: poecilonym.
