What Lumesis does

Lumesis (doing business as SOLVE) is a fixed income data and analytics provider founded in 2010 and headquartered in Stamford, Connecticut, specializing in municipal bond market intelligence. The company operates two principal product lines: the SOLVE platform, which delivers primary-market new-issue pricing, secondary-market pricing, and relative-value analytics; and the DIVER suite, which provides wealth management, underwriting, analytics, and pricing/scales tools for municipal professionals. An acquired AdvantageData brand rounds out the fixed income coverage. Underlying technology includes an AI-powered predictive pricing engine generating over 900,000 AI prices across 1.1M+ municipal securities, supported by 490,000+ daily quotes and 57,000+ daily securities, with export capabilities via tear sheets, an Excel Add-In, and an API developer portal.

Lumesis monetizes through subscription-based SaaS access to its SOLVE and DIVER product suites, distributed via an enterprise field-sales motion anchored by a "Request a Demo" call-to-action and complemented by self-serve client login portals. Customers span the buy-side (asset managers, trading and portfolio management teams, valuation/pricing teams, wealth management advisors), the sell-side (investment banking, sales and trading, underwriting, compliance), service providers (municipal advisors), and adjacent segments such as direct lending and BDCs. The platform also addresses regulatory workflows, including SEC Rule 15c2-12 continuing disclosure and time-of-trade disclosure requirements.

The company is privately held and bootstrapped beyond an early-stage funding period, with cumulative disclosed funding of approximately $8.5M between 2012 and 2014 from Safeguard Scientifics and Nextstage Capital. Headcount is reported in the 11–50 range. Beyond municipals, the platform has expanded into corporate bonds, mortgage-backed securities, syndicated loans, BDCs/private credit, credit default swaps, and structured products, positioning Lumesis as a multi-asset fixed income data provider rather than a single-asset specialist.

Name

Lumesis

Website

https://lumesis.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Lumesis (dba SOLVE) is a fixed income data and analytics SaaS provider serving buy-side, sell-side, and municipal advisor institutions with municipal bond market intelligence, AI-powered predictive pricing, and regulatory compliance tools across primary and secondary markets.

Ownership category

akta.pro rank

Product category

Fixed Income Data Analytics

akta.pro primary industry

Municipal Bond Trading Platforms (FSAFACAC)

akta.pro secondary industries

Trade & Communications Surveillance (eComms/Voice) (FSAFAOAJ), Government Bond (Sovereign) Trading Platforms (FSAFACAA)

Keywords

• Municipal bond analytics
• Fixed income data
• Bond pricing software
• Regulatory compliance tools
• Private credit data

Headquarters

HQ city

Stamford

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software/SaaS Subscriptions: Annual subscription-based access to various SOLVE and DIVER platform products including data analytics, pricing, underwriting, and workstation tools. Multiple product tiers exist targeting different user personas (advisors, analysts, underwriters).

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Lumesis delivers the SOLVE data and analytics platform for the municipal bond and broader fixed income markets, providing reference data, pricing (including AI-based predictive pricing), regulatory compliance (15c2-12, time-of-trade disclosure), and primary and secondary market analytics. Its offerings are extended by the DIVER suite of tools for advisors, analysts, and underwriters, and by the AdvantageData brand covering corporate and municipal bond data, private credit, and BDC information.

Product overview

Lumesis operates two primary product lines: the SOLVE platform (primary and secondary market fixed income intelligence) and the DIVER suite (wealth management and underwriting solutions), alongside the acquired AdvantageData brand. The SOLVE platform covers primary market solutions (New Issue Pricing, Debt Analysis, Scale Viewer, Scale Writer, Banking Data Workstation) and secondary market products (SOLVE Quotes, SOLVE Px for Corporate and Municipal Bonds, Relative Value Analysis, MBS Source, Secondary Market Pricing, Municipal Bond Ticker), plus private credit tools (BDC Data Workstation) and regulatory compliance solutions (15c2-12 Analysis, Time of Trade Disclosure). The DIVER suite includes DIVER Advisor (wealth management), DIVER Analytics, DIVER Underwriter, and DIVER Pricing & Scales. The SOLVE platform processes over 1.1M+ municipal securities with 900,000+ AI predictive prices.

Differentiator

Problem solved

Functional benefit

Brands

• DIVER: Suite of fixed income data and analytics products including DIVER Advisor, DIVER Analytics, DIVER Underwriter, and DIVER Pricing & Scales

Products and services

• SOLVE Platform (New Issue Pricing) Pricing analytics for newly issued municipal bonds, used by underwriters, advisors, and syndicate desks to value and price primary market deals.
• SOLVE Debt Analysis Structured analysis of municipal bond debt structures, supporting evaluation of new issues and outstanding debt for institutional clients.
• SOLVE Scale Viewer Tool for viewing and analyzing underwriting scales for municipal bond new issues, targeted at syndicate and underwriting professionals.
• SOLVE Scale Writer Tool to produce underwriting scales for new municipal bond issues, used by underwriters and municipal advisors in pricing new deals.
• SOLVE Quotes Real-time pricing data for the secondary municipal bond market, used by traders and portfolio managers on the buy and sell side.
• SOLVE Px Corporate Bonds Pricing and analytics for corporate bonds, supporting fixed income traders and portfolio managers active in the corporate bond market.
• SOLVE Px Municipal Bonds Pricing and analytics dedicated to the municipal bond secondary market, used by institutional traders and portfolio managers.
• SOLVE Relative Value Analysis Relative value analytics for municipal and corporate bonds, used by buy-side and sell-side professionals to identify pricing opportunities.
• MBS Source Data and analytics for mortgage-backed securities (MBS), supporting fixed income professionals active in the MBS market.
• SOLVE Secondary Market Pricing Broad secondary market pricing data for municipal and corporate bonds, used to support trading, valuation, and reporting workflows.
• Municipal Bond Ticker Near-real-time ticker for municipal bond market activity, used by traders to monitor live market movements.
• BDC Data Workstation Workstation for Business Development Company (BDC) and private credit data, analytics, and reporting, used by direct lending and BDC firms.
• Banking Data Workstation Workstation aggregating banking-sector data for institutional users analyzing bank issuers and related fixed income instruments.
• 15c2-12 Analysis (Continuing Disclosure Monitoring) EMMA-based monitoring and analysis of continuing disclosure filings under SEC Rule 15c2-12, used by issuers, advisors, and institutional investors to track ongoing municipal bond disclosure compliance.
• Time of Trade Disclosure Compliance solution for MSRB time-of-trade disclosure requirements, helping dealers and investors meet post-trade transparency obligations in the municipal bond market.
• DIVER Advisor Toolset within the DIVER suite for municipal advisors to support their advisory, pricing, and compliance workflows for issuer clients.
• DIVER Analytics Analytics module within the DIVER suite providing analytical views across municipal bond data for institutional users.
• DIVER Underwriter

Quantifiable outcome

• Tighter spreads - An issuer improved deal pricing by comparing comps across sectors
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature5 records

Scale indicators2 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• S&P Global Market Intelligence: S&P Global Market Intelligence (including the legacy Ipreo franchise) provides capital markets data, workflow tools, and analytics for investment banking and securities issuance. Overlaps with Lumesis's banking data analytics, league tables, and underwriting transparency features.
• Tradeweb: Tradeweb operates electronic marketplaces for fixed income, derivatives, and ETFs, including municipal bonds. Provides pre-trade pricing data, trading protocols, and analytics that overlap with Lumesis's secondary market pricing and quote aggregation offerings.
• LSEG (Refinitiv): London Stock Exchange Group, post-Refinitiv acquisition, operates a major fixed income data and analytics franchise (formerly Thomson Reuters). Competes across municipal pricing, reference data, and trading workflow support used by institutional investors.
• Bloomberg L.P. Bloomberg's Terminal is the dominant institutional financial data and analytics platform, including fixed income pricing, reference data, and analytics across municipal, corporate, and structured products. Competes broadly with SOLVE/DIVER across all customer segments.
• Ipreo (now part of S&P): Ipreo, acquired by S&P Global, provided primary issuance workflow tools, bookbuilding, and league table data for municipal and corporate bond underwriters. Its capabilities are now part of S&P Global Market Intelligence and directly overlap with Lumesis's banking data and underwriting analytics.
• ICE Data Services: Intercontinental Exchange's data services division provides fixed income reference data, pricing, and analytics. Competes with Lumesis in municipal and corporate bond pricing, evaluations, and reference data feeds for institutional clients.

Direct peers

• MarketAxess: MarketAxess operates electronic trading platforms for fixed income, including municipal bonds, with embedded data, pricing, and analytics (CP+ price discovery). Directly comparable to Lumesis in serving institutional buy-side and sell-side municipal market participants.
• BondCliQ: BondCliQ provides real-time municipal bond pricing data and trading intelligence to institutional market participants. Directly comparable to Lumesis's SOLVE Quotes and SOLVE Px offerings as both serve buy-side and sell-side institutional users seeking transparency in muni bond pricing.
• Intex Solutions: Intex provides cash flow modeling and analytics for structured products including MBS, ABS, and CMBS. Comparable to Lumesis's SOLVE MBS Source offering as both serve structured fixed income market participants requiring deep pricing and analytics.

Others

• MSRB (EMMA): The Municipal Securities Rulemaking Board's Electronic Municipal Market Access (EMMA) platform is the official free public source for muni market data, continuing disclosure, and trade reporting. Acts as the underlying public data layer that Lumesis's SOLVE platform augments with analytics and pricing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Lumesis
• LinkedInlinkedin.com/company/lumesis-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lumesis