Since his departure from the Data Coalition last September, founder Hudson Hollister has moved on to launch his own regulatory tech consulting firm to aid data companies. The company went live on Tuesday.
— HDataLLC (@HDataLLC) January 8, 2019
HData is the new consulting firm created to help data companies apply new technologies to transform government mandates, compliance, and reporting. Hollister will be splitting his time between D.C. and Joliet, Ill., where the firm will be headquartered. He told Technical.ly that since he will be working with companies related to government, it’s important to still keep his presence in the District.
Hollister founded the Data Coalition in 2012, a membership-based trade association that brings together tech companies, nonprofit organizations and individuals. Hollister said it was important for HData to be a part of the coalition’s work, so the firm is now a new paying startup member. He helped to craft key government data reforms such as the DATA Act of 2014 and he also founded the Data Foundation in 2016, a think tank working to define an open future for government’s and society’s data. Hollister still serves on the board of directors.
HData launched with eleven members on its Board of Advisors that includes experts in applying data technologies to government, regulatory and legal processes. The board convenes to develop new perspectives on government reporting and assist HData’s clients in their growth, a press release states.
“New technologies can make it easier for agencies to manage regulations, cheaper for industries to comply with them and more profitable for markets to react to regulatory information,” Hollister said in a statement. “Our clients supply the best solutions to transform these processes; HData understands the demand. HData is ready to help leading data companies build the relationships and awareness they need to apply their RegTech solutions on a national scale.”
Even though business is just up and running, HData already has seven companies in its clientele. Here they are (with descriptions from HData):
- Elder Research, Inc., whose anti-fraud analytics platform is the only one to use federal spending data, as standardized and published under the DATA Act, to calculate a tested risk score for every federal contract
- Glyphic Software, whose intelligent document parsing solution is the first to interpret the graphical structure of a page, much like human eyes, enabling customers to automate the extraction of information trapped in semi-structured PDF documents
- idaciti, which provides the easiest way to access and use SEC and other corporate financial data
- Jason M. Hare & Associates, supplying data governance and open data solutions to cutting-edge public-sector organizations; and
- Legistek, whose Limine platform provides comprehensive deposition, case preparation, and trial presentation workflows for lawyers
- Mission Measurement, the world’s first evidence-based social impact measurement firm, whose Impact Genome helps foundations, nonprofits, and governments measure and increase their impact
- OpenCorporates, the world’s largest open database of companies, with over 165 million companies in 130 jurisdictions, powering KYC solutions, anti-corruption investigations and business intelligence.