Cooper Sydney the business technology specialists in finance today announced an investment in the new investor information segment replacing old style EDGAR information with near instant regulatory filings delivered via XBRL.
ySage based in Palo Alto, California is leading the transition from old-style paper regulatory filings or unstructured electronic filings to XBRL and FIX protocol based structured data that enables benchmarking, alerts and deep insight discovery.
ySage inspires investor confidence by sourcing data directly from pure sources in near realtime such as 10K filings direct from the SEC avoiding any misinterpretation and reducing latency.
The ySage approach ensures minimal time-to-market impact delay for traders. Retail investors can trust value added data based on SEC sourced data in easy to use formats.
Listed companies can use the investor relations capabilities to ensure they never need worry about filings being inconsistent with other IR channels using the new ySage IR product range for out of the box or custom extensions to their existing websites at a fraction of the cost of competing alternatives.
This investment in ySage Technologies Inc makes Cooper Sydney and related parties the second largest shareholders in ySage after the founders.
Peter J Cooper, founder of Cooper Sydney said 'We congratulate Adam Gravitis and the team at ySage for their vision and rapid execution that can transform the way millions of Americans and international investors stay close to the action in NASDAQ, NYSE and other markets over time."
"Informed investors need the best quality most timely data they can find. ySage brings a truly differentiated offering for retail investors, funds managers, algorithmic traders and list company investor relations departments.
"We are delighted to be part of this success that we believe is exceptionally better value and leads our competitors such as 10K Wizard (recently acquired by Morningstar) and others, because ySage offers all the information most investors and listed companies need entirely online and on demand with no software hassles, no long subscriptions and virtually removes data transcription risks." said Mr Cooper.
Adam Gravitis, co-founder and CEO of ySage said "We are pleased to be able to demonstrate continuing momentum in our product, client base and investors". Cooper Sydney have helped with growth capital, expertise and resources.