Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>ServiceNow has recently entered advanced discussions to acquire cybersecurity specialist Armis Inc. in a deal that could be valued at up to $7 billion, representing a major strategic inflection point for the enterprise workflow platform provider as it continues to embed AI and security into its core offerings.</li><li>This development follows ServiceNow’s strong Q3 2025 performance with subscription revenue growth outpacing guidance and meaningful acceleration in AI‑driven product adoption, including Now Assist, which is on pace to exceed $0.5 billion in annual contract value.</li><li>In parallel, ServiceNow has been investing in generative AI capabilities, forward‑deployed engineering models, and expanding its ecosystem through initiatives like the proposed Moveworks acquisition, reinforcing its platform play.</li></ul>

ServiceNow has recently entered advanced discussions to acquire cybersecurity specialist Armis Inc. in a deal that could be valued at up to $7 billion, representing a major strategic inflection point for the enterprise workflow platform provider as it continues to embed AI and security into its core offerings.This development follows ServiceNow’s strong Q3 2025 performance with subscription revenue growth outpacing guidance and meaningful acceleration in AI‑driven product adoption, including Now Assist, which is on pace to exceed $0.5 billion in annual contract value.In parallel, ServiceNow has been investing in generative AI capabilities, forward‑deployed engineering models, and expanding its ecosystem through initiatives like the proposed Moveworks acquisition, reinforcing its platform play.

ServiceNow Eyes Armis: The AI & Security Merger That Could Reshape IT!

Servicenow Inc

ServiceNow Eyes Armis: The AI & Security Merger That Could Reshape IT!