TripleBlind announced a new partnership with Eagle Alpha to more quickly and comprehensively analyze companies thereby generating more effective valuations during mergers and acquisitions and identifying strategies to create new value post-financial events. TripleBlind is a private data sharing company that offers proprietary cryptographically-enforced data privacy solution and Eagle Alpha is an alternative data provider.
TripleBlind’s solution enables data vendors to share sensitive data with data buyers while allowing only specific operations on that data. Sharing of sensitive and regulated data has historically been challenging due to regulatory and geographic concerns and a lack of robust technology solutions. It will help Eagle Alpha ensure its clients adequately enforce the digital rights of data owners and all data privacy regulations in place in more than 100 countries and four US states today, including HIPAA, GDPR, and CCPA.
The need for data privacy was punctuated by the App Annie settlement with the Securities and Exchange Commission, in which the company was fined $10 million and became the SEC’s first enforcement action of securities fraud against an alternative data provider.
Niall Hurley, CEO of Eagle Alpha, said in a statement: “The App Annie settlement highlighted the increased need to prioritize data integrity and privacy when selecting data sharing partners and solutions. Eagle Alpha’s partnership with TripleBlind comes as a result of both companies dedicated work to fulfill that need.”