I stopped by the Alacra booth to inquire about any announcements they might have planned for the show. CEO Steve Goldstein admitted that the company’s products kind of “sneak out the door” without press releases. The company seems to be putting its efforts into product development rather than publicity because they actually had a lot to tell me about. Fran Falchook, Alacra VP of sales and marketing, talked about the company’s 4 “C” products: Compliance, Concordance, Connections, and Current Awareness.
First, if you’re not familiar with Alacra, its stated goal is “to aggregate, integrate, package, and deliver mission critical information that meets the needs of business professionals around the world.” It provides a single point of access to multiple sources of information, leveraging relationships with numerous content providers, including Factiva, LexisNexis, and many others.
The new Compliance product provides custom-built access to customer identification and due diligence content for broker-dealers, banks, and professional services firms. The Alacra Concordance is an internal tool that serves as the backbone of all Alacra products—Falchook called it the company’s “crown jewel.” The company has now “productized” this authority file database of companies and securities and lets clients cross reference to internal identifiers. Alacra Connections offers integrated “people” data from multiple database sources—before it just provided corporate board of director information. And, Alacra Current Awareness is a new consolidated alerting service. It’s definitely worth a stop at booth 1607.
Finally, if you haven’t checked out the Alacra Wiki, you should. Launched in the fall of 2005, the free online site serves as an open collaborative resource for users and producers of business information. It was seeded with company, industry, and topical information collected by Alacra and is open to content creation and modification. Alacra said it was trying to contact exhibitors at SLA to urge them to participate. There are sections on publishers, investors, people, types of content, and lots more. This is a great resource.
Paula J. Hane
News Bureau Chief, ITI