The 42-year-old fintech, MoneyGram will no longer continue as a separate entity in a surprising turn of events. The company has agreed to an all-cash deal of $1.8 billion and now will operate under the Madison Dearborn Partners banner following the acquisition.
Big data has been a hot topic in the finance and IT spheres for some time now. With all of the funds flowing into the big data market, it is not hard to see why. More often than not, big data is used as a tool for ascertaining patterns that may lead to more efficient methods of business operations and insight into certain phenomena that would otherwise be invisible to those without access to such powerful tools.