Case Study: Business Compass LLC achieves 1 million app downloads and 100% ROI with Xignite market-data APIs

Credit Analysis App Has 1 Million Downloads

Business Compass LLC created the Altman Z-Score+ mobile app (in collaboration with Professor Edward Altman) to give users real-time, easy-to-use corporate credit analysis and bankruptcy probability forecasts. Their original workflow required manual collection of SEC and public company data, which was time-consuming, error-prone and prevented users from simply querying by ticker symbol.

To fix this they integrated Xignite’s Market Data Cloud APIs (Financials and GlobalHistorical), enabling fast, reliable delivery of balance sheet, income statement and historical price data with a pay-for-what-you-need model and an integration time of under a week. The result: a cost-effective, scalable product that helped drive more than 1 million app downloads, nearly 200 corporate clients worldwide, and—per the CEO—a 100% ROI, with plans to expand coverage to private and international companies.

Business Compass LLC

Sribatsa Das

Founder and CEO