WASHINGTON – FiscalNote Holdings, Inc. (NYSE: NOTE), a provider of AI-driven enterprise SaaS technology for global policy and market intelligence, has entered into a distribution partnership with Creolytix to enhance security services for European enterprises.
The collaboration will integrate Dragonfly’s geopolitical and security intelligence with Creolytix’s managed security platform, aiming to bolster risk management capabilities for small to mid-sized companies in the European market.
Dragonfly will offer its intelligence and analysis services to Creolytix’s platform through an API, aiming to provide added value to businesses across the EU. This integration is expected to facilitate the implementation of effective risk management strategies for enterprises, with a particular focus on the DACH security market, which includes Germany, Austria, and Switzerland.
Henry Wilkinson, Chief Intelligence Officer at Dragonfly, expressed enthusiasm about the partnership, stating that it will enable smaller companies to leverage Dragonfly’s leading security intelligence capabilities and transform their approach to managing business risks. Gerald Ulmer, CEO and Co-Founder of Creolytix, also highlighted the benefits of combining data-driven analytics with expert intelligence for their customers.
This announcement follows the recent launch of FiscalNote’s Global Intelligence AI Copilot, an AI-powered tool designed to assist customers in navigating geopolitical and regulatory risks. The Copilot provides real-time intelligence and decision support, drawing insights from a vast pool of expert analysis and data.
FiscalNote, with a portfolio that includes CQ, FrontierView, Oxford Analytica, and VoterVoice, continues to serve a global customer base from its offices around the world. The partnership with Creolytix is expected to extend the reach of FiscalNote’s intelligence offerings and support enterprises in managing the complex landscape of global risks.
The information for this report is based on a press release statement.
InvestingPro Insights
In light of FiscalNote Holdings, Inc.’s (NYSE: NOTE) recent strategic distribution partnership with Creolytix, it’s essential to understand the financial health and market performance of the company. FiscalNote operates with a significant debt burden (InvestingPro Tip 0) and may struggle with making interest payments on its debt (InvestingPro Tip 1), which is critical for investors to consider when assessing the company’s ability to invest in new partnerships and expansions.
Despite these challenges, FiscalNote has shown an impressive gross profit margin over the last twelve months as of Q1 2024, standing at 71.06% (InvestingPro Data), indicating strong operational efficiency in generating revenue relative to the costs of goods sold. Furthermore, the company has experienced a large price uptick over the last six months with a 41.35% total return (InvestingPro Data), suggesting that investor sentiment may be improving. This could be a positive sign for the company’s stock as it embarks on new ventures like the partnership with Creolytix.
For those interested in a deeper dive into FiscalNote’s financials and market performance, InvestingPro offers additional insights and metrics. Subscribers can explore these by visiting https://www.investing.com/pro/NOTE. Moreover, users can take advantage of an exclusive offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With a market capitalization adjusted to 197.54M USD (InvestingPro Data), FiscalNote is positioned as a notable player in the enterprise SaaS technology space. Investors and interested parties can find more InvestingPro Tips, which may help in making informed decisions about the company’s stock and its future prospects within the industry.
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