SAN DIEGO, Nov. 3, 2008 (GLOBE NEWSWIRE) -- Sagient Research Systems, a leading publisher of independent research for the financial services and institutional investment communities, today announced the launch of global private placement coverage for publicly traded companies (PIPEs or Placings) by its PlacementTracker research service.
PlacementTracker, a flagship product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the private placement market. To date, PlacementTracker's coverage has included private placements completed by U.S. based public issuers and foreign public issuers with a listing on a U.S. market.
Starting today, PlacementTracker now provides the same level of in depth research, data, and analytics on all private placements (PIPEs or Placings) completed globally, regardless of country of listing. PlacementTracker has recorded 1,301 global transactions totaling $54 billion (U.S. dollar equivalent) in total proceeds raised so far in 2008, which doubles the scope of PlacementTracker's coverage universe.
PlacementTracker's coverage now includes, but is not limited to, all private placement activity on the exchanges of the following countries:
Australia France The Netherlands
Belgium Germany Portugal
Brazil Hong Kong Singapore
Canada India South Africa
China Malaysia United Kingdom
The new transaction information is fully integrated into the PlacementTracker platform. Subscribers can search for active transaction participants, get detailed contact information, set custom e-mail alerts, and learn about the developing markets for private placements by publicly traded companies worldwide.
Brian M. Overstreet, president and CEO of Sagient Research said, "Nine years ago, we revolutionized U.S. private placements (PIPEs) by introducing an unprecedented level of transparency and analytics to the market. The availability of that information prompted a huge influx of new participants and dollars into the space, leading to a 10-fold growth in the market size. Throughout, active participants in the U.S. have relied on PlacementTracker to keep them informed, to provide competitive intelligence, and to find new transaction opportunities. Today marks stage two of that revolution. As the recent financial crisis has shown, the global markets are intricately intertwined. Despite this, private placement activity by publicly traded companies remains largely localized. That changes today. We believe that by introducing the same transparency and analytics to the world that we brought to the U.S. in 1999, cross-border activity will increase, more new participants will enter the market, and public companies everywhere will be able to access capital on the best terms possible. We again look forward to being on the forefront of this immense opportunity."
Parties interested in learning more about the new global private placement market coverage should call 001-858-200-2395 or visit us online at www.PlacementTracker.com.
About Sagient Research Systems
Sagient Research Systems is a publisher of independent research. We develop, produce, and sell proprietary research products to mutual funds, hedge funds, and investment banks. Our business strategy is to continue to leverage our development, technology, and marketing expertise to solidify our position as a leading provider of independent research to the financial services and institutional investment communities. In both 2007 and 2008 Sagient Research was named to the Inc. 5000 list of fastest growing companies. For more information, please visit the Sagient Research Systems website at www.sagientresearch.com.