TLDR: OpenCorporates smashes through the 50 million companies mark, and starts work mapping corporate networks.
We’re pleased to announce that this weekend we smashed through the 50 million companies mark, with the addition of Thailand, West Virginia and several smaller territories (e.g. Dubai). At last count (it’s changing every hour), we had 50,955,988 companies in 68 jurisdictions. That’s quite an increase on the 3 million in 3 jurisdictions we launched with just two short days ago.
We’ve also been adding more and more directors, and now have over 50 million directorships too (helped in part by the UK’s decision to open up its director information), allowing cross-jurisdictional searches of the key people behind companies. There’s a lot more to come in that area too, so stay tuned.
Finally, we thought we’d give a sneak peak at what’s coming next: corporate networks (aka corporate hierarchies, although in general parent-child and control relationships don’t form a hierarchy by a complex directed cyclic graph). This is a fearsomely complex and difficult area, both making getting the data and making sense of it, and we’ve been working hard in the background at making sure we do this right.
We’ll be blogging more about this in the future, but for the moment we can share that we’re currently pulling in shareholder data from the New Zealand company register, which sets the gold standard in making this information available, and Alaska, and we’re hoping that other countries will follows suit. You can already see shareholding information on many of the New Zealand company pages (both who are the shareholders and what other companies are owned by the companies), and we’re working on some cool (and useful) visualisations – here’s an early example:
We’re also pulling in subsidiary information from the US Securities & Exchange Commission, although this data is much more difficult, as it’s in whatever format the reporting company decides to provide it in. However, we’ve made good progress and this is what Pearson PLC, owner of the Financial Times looks like bases on its SEC and New Zealand filings:
We’re also adding some serious crowdsourcing functionality, to allow information to be liberated from annual reports, unparseable SEC filings, and other sources. If you’re interesting in being an alpha tester of this (whether you’re an NGO that wants to map corporate relationships of big corporations, companies that want to be transparent about their corporate structures, or just Good People), please email us at info@OpenCorporates.com.
Finally, we should mention that this corporate network work is made possible thanks to a generous grant from the Alfred P Sloan Foundation, one of the most prestigious non-profits in the US, and an early backer of Wikipedia and enabler of great projects such as the Sloan Digital Sky Survey.