Goldman Sachs acquires one-man spreadsheet startup ClearFactr

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Goldman Sachs has acquired New York-based financial modeling and spreadsheet software startup ClearFactr to boost its tech capabilities in this field. The financial terms of the deal are yet to be disclosed.

With the deal, the Goldman looks to bring the technology in-house and thereby ending ClearFactr’s existing relationships with other users. The founder of ClearFactr, Dean Zarras will be joining the investment banking group as an MD. Zarras

With Clearfactr, Goldman wants to turn the strategists into coders who can build custom models.

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