Vertical IQ and Lumos Technologies Announce Strategic Partnership
Wilmington, N.C., and Raleigh, N.C.
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December 12, 2023 08:00 AM Eastern Standard Time
Lumos Technologies, Inc. (Lumos), an innovative small business data analytics and advisory company, and Vertical IQ, a leading provider of Industry Intelligence, have announced a strategic partnership to improve financial institutions’ access to industry-specific information while elevating bankers’ visibility into Small Business Administration (SBA) lending trends and insights.
With a shared vision of transparency to empower data-driven strategies, the partnership between Lumos and Vertical IQ will provide clients who advise businesses with unparalleled access to actionable information, insights, and tools.
Vertical IQ and Lumos have integrated key data sets of SBA lending trends and industry performance insights for the purpose of sizing market competition, analyzing loan conditions on various industry segments, loan assessment, risk profiling, and predictive credit modeling.
The Vertical IQ-Lumos partnership will provide Lumos users with access to more comprehensive industry data, including insights into local businesses’ industry structure, working capital requirements, and financial benchmarks.
"We are excited to partner with Vertical IQ to deliver more comprehensive industry data to our clients," said Brett Caines, co-founder and CEO of Lumos. "Vertical IQ's Industry Intelligence will help us provide our clients with deeper insights into industry trends and performance, which will enable them to make more informed decisions."
The partnership also will improve the accessibility of industry insights through generative AI as part of the Lumos Business Report. Further, this collaboration will enhance the availability of SBA credit performance data in the Vertical IQ platform.
"We are thrilled to partner with Lumos to give trusted advisors the in-depth data and analytics they need to win more business and close more deals," said Paul Hock, VP of Strategic Partnerships at Vertical IQ. "Our actionable Industry Intelligence, combined with Lumos’ SBA credit insights, also will enable credit professionals and lenders to approach industry analysis and all B2B lending with confidence. Our combined data will equip them with automated business summaries that provide the highest-level insights in an easy-to-digest fashion."
About Lumos Technologies, Inc.
Lumos is an industry-disrupting data analytics company delivering actionable insights, advisory services, and AI-driven technologies with safety and soundness in mind. Backed by expert financial literacy, Lumos provides financial institutions with standardized and automated metrics, powerful decisioning models, and efficient processes with rich, curated data and decades of financial institution literacy at the heart of it all. To learn more about Lumos, visit http://www.lumosdata.com.
About Vertical IQ
Headquartered in Raleigh, N.C., Vertical IQ is a nationally recognized leader in Industry Intelligence. Whether they’re pitching a local brewery or a national biotech company, successful sales, marketing and customer success teams use Vertical IQ to better understand a prospect’s or client’s business challenges before, during and after meetings. Covering more than 97% of the economic revenue in the U.S. and Canada through more than 920 Industry Profiles and 3,400 local economic reports, Vertical IQ equips users with the confidence and credibility to make memorable first impressions and sustain enduring relationships.
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