IT Firm Regnology Buys Metadata Technology

CIOTechOutlook Team | Wednesday, 03 May 2023, 11:34 IST

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The acquisition of Metadata Technology (Metadata), a UK-based provider of Statistical Data and Metadata eXchange (SDMX) solutions for central banks and national statistics authorities, by Regnology, a top software provider with a focus on regulatory reporting solutions, is announced.
 
An ISO standard known as SDMX was created to characterise statistical data and metadata and to enhance effective sharing across statistical organisations and institutions. Seven worldwide organisations have supported SDMX; further details are available at sdmx.org. It is the standard that national statistical offices and international organisations use the most.
 
Metadata is a professional provider of SDMX solutions, software tools, and related advice. It was established in 2005 by experts who created the SDMX standards. The deal completes Regnology's 2021 acquisition of Vizor SupTech, a global regulator's choice for comprehensive data collecting software.
 
Software developed by Metadata is based on open-source technology, in particular the Fusion Metadata Registry (FMR) (see sdmx.io for more details), which has provided structural SDMX metadata registries to over 450 statistics agencies in over 150 countries. International enterprises may now handle the full data lifecycle, from data collection and integration to storage and processing to disseminating aggregated data, thanks to the company's most recent version of cloud-enabled commercial software, Fusion Registry.
 
Chris Nelson, CEO of Metadata and founder of the SDMX protocol added: “Looking back into 2005, the ambition behind the introduction of SDMX was to reduce the cost and time-to-market of statistical data and metadata. Fast-forward to today, we help empower a vibrant and ever-growing global SDMX community with better-quality statistics. We are confident this acquisition will pave the way for more benefits in the future.”
 
With the help of Regnology's regulatory technology, central banks, regulators, and supervisory agencies can more easily gather relevant data, identify risks, and obtain insight for quicker decision-making in ever-changing markets.
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