We are pleased to announce that, effective May 31, 2022, Consumer Edge (CE) has completed its acquisition of Qentnis GmbH, a leading provider of privacy-compliant European transaction data, based in Berlin, Germany. With the acquisition of Qentnis, CE expands upon its extensive suite of multinational consumer-focused alternative data and research products, which will now include the most robust transaction data panels available covering the Pan-European market.
Demand for accurate, timely consumer spending data continues to grow rapidly amongst corporations and institutional investors, both public and private. With Qentnis’ multi-national European data coverage, CE will uniquely provide a wholistic view into 2 of the world’s largest consumer markets, the U.S. and Europe. Further, Qentnis’ privacy-forward approach to data sourcing perfectly complements CE’s industry leading data privacy framework. This powerful combination of expanded data coverage and CE’s best-in-class product offering will unlock significant incremental value for our clients in the weeks and months ahead. We are also pleased to announce the formation of Consumer Edge Ltd. in the UK with plans to establish a London office later this year, cementing our commitment to the region, with London and Berlin offices.
“We are incredibly excited to welcome Qentnis to the CE family,” said Bill Pecoriello, Consumer Edge CEO, and Mike Pagano, Consumer Edge President and CRO. “This marks a significant step as we execute on our strategy of expansion across geographies, data types and customer channels. The combination of Qentnis’ data sourcing efforts and engineering talent with our rapid product innovation cycle, will allow us to introduce unparalleled views into the consumer with our multi-national data insights products.”
“The Qentnis Team is thrilled to become part of the world’s unparalleled market leader in consumer transaction data and looks forward to bringing the Qentnis technological and European market expertise as well as our extensive network to CE. This is the most exciting opportunity in our industry and a great step forward for Qentnis and our shareholders” added Benedikt Ernst, Qentnis Founder and CEO, and Simon Kröger, Qentnis Founder and CTO.
About Consumer Edge:
Founded in 2009 by CEO/Founder Bill Pecoriello, Consumer Edge is a data insights company targeting the global consumer. We provide key stakeholders across the investment and corporate landscapes with best-in-class alternative data products and tools to enable enhanced strategic decision making. Our product suite of data feeds, templates, and visualization platforms delivers an unparalleled view into consumer spending behavior by fusing numerous privacy-compliant data types across geographies. This allows for actionable insights driven by our near real-time market intelligence and benchmarking capabilities at the merchant, brand, and item levels.
Qentnis is a German, Berlin-based data company that provides unique insights for Institutional Investors and corporates. The underlying business of Qentnis is the acquisition, cleaning, attribution, and aggregation of anonymized transaction data. Our value proposition aims at institutional investors, private equity and corporates who want to better understand market and company trends to form and validate investment hypotheses and improve decision-making. Qentnis was founded in 2019 by Benedikt Ernst and Simon Kröger with IONIQ Group as main investor.