Continued investment in international expansion intended to meet growing demand for global information
WASHINGTON, DC – May 24, 2021 – FiscalNote, a leading technology provider of global policy and market intelligence, announces it has acquired TimeBase, a Sydney-based company that provides legislative research and tracking tools to help organizations more easily access and better understand Australian legislation. This acquisition further expands FiscalNote’s global reach by not only deepening the types of data it can bring to customers, but also giving it a foothold in Australia, an increasingly critical global market.
“In speaking to customers and investors, we are consistently hearing about the growing need for companies to get a clearer understanding of the evolving legislative and regulatory landscape in the Australian market,” said FiscalNote founder and CEO Tim Hwang. “With a trusted record of delivering solutions to its current clients, Timebase will prove to be an excellent partner in bringing these data sets and research tools to an international audience confronted by increasing policy uncertainty and interest in operating in Australia.”
Established in 1995, TimeBase focuses solely on Australian legislation, with an extensive dataset of legislative information going back more than 20 years. Along with its intention to bring Timebase’s products to a more global audience, FiscalNote plans to ensure TimeBase continues to reliably serve its current clients. TimeBase CEO, Vanessa Morris, will continue in the same role going forward.
“By joining forces with the world-class team at FiscalNote, our growth trajectory will be dramatically accelerated,” said Morris. “I am excited about the value FiscalNote’s suite of products and services can bring to a number of our clients, and look forward to sharing with a greater global audience the tremendous products and services delivered by our team on a daily basis.”
Although this is FiscalNote’s first physical presence in Australia, it already has some deep roots there. Conrad Yiu and Anna Sedgley, both serving on FiscalNote’s Board of Directors, hail from Australia. Additionally, a number of FiscalNote investors are based in the country.
This is the latest in a number of acquisitions announced by FiscalNote in 2021, as the company continues to strengthen and expand its suite of solutions designed to help organizations navigate the policy landscape. Earlier this year, FiscalNote acquired UK-based Oxford Analytica, a leading geo-political intelligence and advisory company, as well as FactSquared, an AI-enabled data company specializing in analyzing and transcribing comments made by public figures. With a strong belief in pairing advanced technology with human-generated intelligence and insight, FiscalNote is leading the way in providing trusted solutions to help organizations manage their most important policy issues.
FiscalNote is the premier information services company focused on global policy and market intelligence. By combining AI technology, expert analysis, and legislative, regulatory, and geopolitical data, FiscalNote is reinventing the way that organizations minimize risk and capitalize on opportunity.
Home to CQ, Roll Call, Oxford Analytica, and VoterVoice, FiscalNote empowers more than 5,000 clients worldwide to monitor, manage, and act on the issues that matter most to them. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.
TimeBase has been the relied upon source for Australian legislative information for more than two decades by equipping customers with the tools and information necessary to navigate the complex and dynamic legal and regulatory landscape in Australia.
Source - Press Release