NEW YORK, April 18, 2023 /Business Wire/ -- Syntax (www.syntaxindices.com), a leading provider of innovative financial data and technologies, is pleased to announce the acquisition of the assets of Tyemill, a software research and development company headquartered in Seattle, Washington. The Tyemill team of 24 engineering, design and operations professionals became part of Syntax, effective March 1, 2023. As part of the integration, Tyemill’s CEO, Ellen Anderson, joined Syntax as Managing Director and Head of the Seattle Office.
"With Tyemill joining Syntax, the combined teams will continue to develop and launch groundbreaking products and services," said Patrick Shaddow, Syntax President and CEO. "Adding Tyemill’s expertise to our organization will enable us to deliver a seamless client experience and provide differentiated data that serve the investment community.”
The acquisition expands Syntax’s in-house capabilities and resources to execute its growth strategy and deliver on its robust product roadmap. Founded in 2010, Tyemill has supported Syntax’s economic research with technology that powers patented systems and proprietary commercial software applications. Tyemill’s tools are used in developing new methodologies for measuring risks associated with companies and investment vehicles, identifying trends in financial data and automating complex workflows.
“While changes are on the horizon, our passion remains unchanged,” stated Ellen Anderson. “Our shared vision, combined with the FIS methodology and domain expertise, will enable us as one team to continue driving product innovation and accelerate disruptions in the industry as we write our next chapter as a data company.”
About Syntax
Syntax LLC is a financial data and technology company that codifies business models into a relational system we call Affinity Data™. Syntax operates through three segments: Affinity Data™, Syntax Direct™, and Syntax Indices™. Using its patented FIS® technology inspired by systems sciences, the Affinity Data™ segment offers the most comprehensive, granular, and accurate product line revenue data available on the market. The Syntax Direct™ segment then uses this abundance of data to facilitate the near instantaneous creation and ongoing management of boundless direct indexing solutions and rules-based equity portfolios through a fully automated platform. The Syntax Indices™ segment offers customized and proprietary indices, including core global benchmarks and micro- and macro-thematic, smart beta, defined outcome, and target volatility indices. These indices are foundational for a range of financial products, such as ETFs, UITs, and structured products.
All Syntax products were developed in conjunction with a patented information system for classifying and organizing business, financial and economic activity called the Functional Information System (FIS). FIS provides the technology used to identify business risk across companies, sectors, and time.
About Tyemill
Tyemill partners with industry leaders in economic research, healthcare, and bioinformatics, building innovative solutions to expedite early product adoption and capture market share, with customer experience at the core. Our projects involve designing scalable architecture, processing, distributing and analyzing big data, and automating complex workflows. Tyemill’s diverse, collaborative, and passionate team is the foundation that inspires our inventions.