Mergent, Inc. a leading provider of business and financial information, has launched a series of innovative online machine-readable data offerings called "Mergent APIs" powered by the WebServius Data Monetization Platform. These offerings allow access to Mergent's unique database of financial information on publicly traded companies in a way that minimizes integration costs and makes the data attractive to a much wider range of potential customers than those Mergent traditionally serves, thus creating significant opportunities for new revenue.
Mergent APIs offer access to its wealth of institutional quality company information such as corporate actions, current and historical financial statements, information on company executives (including biographies, compensation, insider holdings and insider transactions), as well as a vast repository of company annual reports. Additional data is expected to be exposed over the next several months, including historical stock prices.
"Through our relationship with WebServius we are bringing added flexibility and customization capability to our services and again proving our ability to work with partners to the benefit of our customers", says Jonathan Worrall, Mergent's CEO. "In addition to accessing Mergent's databases via our suite of desktop applications and data feeds, our clients now have the option to tailor Mergent data to suit their specific requirements by retrieving only the data elements they need through an intuitive API."
Compared to traditional methods of delivering data, the WebServius Data Monetization Platform which powers the Mergent APIs enables a significantly cheaper, quicker and easier integration process, based on widely adopted REST API and XML technologies. This eliminates the need to deal with bulky data feeds in legacy formats. Data is kept "in the cloud" and individual data points are delivered on an as-needed basis, instead of requiring buyers to download an entire data feed at once.
Mergent APIs feature a self-service subscription process for data buyers as well as pay-per-use data pricing, providing a compelling alternative to inflexible "all-or-nothing" annual data feed subscriptions. Mergent retains full control over data pricing and licensing terms, both of which can be easily configured by Mergent representatives through the WebServius Data Monetization Platform interface.
"The ease of use and flexibility of the system are its most enticing features", said Eugene Osovetsky, WebServius CTO. "An individual iPhone app developer with an innovative idea for displaying financial data can easily sign up on the self-service site, put in their payment information and be up and running with access to live data in a matter of minutes. Yet, the solution can easily scale to a large financial website or an internal application at a hedge fund, on a completely customized pricing plan and serving thousands of data points per minute."