Argus Buys Fundalytics

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Feb 08, 2012, 07:21 ET

LONDON, Feb. 8, 2012 /PRNewswire/ -- Leading energy and commodity price reporting agency Argus today announced the acquisition of Fundalytics, a specialist European natural gas fundamentals data service.

Founded in 2009, Fundalytics compiles, cleans and publishes fundamental data for European natural gas markets. Data sets include supply and demand, inventories, interconnector flows, nominations, allocations and many other types of key information useful for planning and analysis. Data are available on an intra-day basis and can be delivered in multiple formats.

Argus Media chairman and chief executive Adrian Binks said: "Fundalytics data are a complementary service to the pricing and analysis services provided by Argus for international natural gas markets. This acquisition means that Argus can provide a fuller service to our clients. Argus prices are already used extensively as benchmarks in physical and derivative contracts for natural gas and other forms of energy. High quality fundamentals data will add a further valuable information source."

Fundalytics director Chris Dodds said: "I am very pleased to be working with Argus. Argus has the price reporting expertise and analysis skills that will help to develop our data services further. The two companies together will be able to offer a first-rate full service to our complementary client and prospect databases."

The terms of the acquisition were not disclosed.

For further information:
Seana Lanigan
+44 20 7780 4200
[email protected]

About Argus

Argus Media is a leading provider of price assessments, business intelligence and market data on the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer and transportation industries. It is headquartered in London and has offices in Houston, Washington, New York, Portland, Calgary, Santiago, Bogota, Singapore, Beijing, Tokyo, Sydney, Dubai, Moscow, Astana, Kiev, Porto, Brussels and Johannesburg and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.