How Proton Mapped the European Market Landscape in 72 Hours
The Challenge Proton, the privacy-led technology company (Proton Mail, Proton VPN), needed a comprehensive dataset to analyze the European corporate landscape for strategic product research. Their existing data had significant gaps, particularly in smaller markets like the Balkans and Eastern Europe, and suffered from "classification drift"—where generic sector labels obscured key industries like Automotive. They required a precise map of ~9,000 listed companies across 44 markets, enriched with granular industry groups and normalized market cap data.
The Solution FinancialReports delivered a rapid, custom Data-as-a-Service solution:
- Gap Analysis: We cross-referenced Proton’s target list against our master database, identifying and backfilling missing entities for over 15 jurisdictions, including Ireland and Russia.
- Granular Taxonomy: We replaced broad "Sector" labels with our proprietary "Industry Group" classification, giving Proton the specific visibility they needed.
- Market Cap Normalization: We calculated and categorized valuations into six distinct tiers (Nano to Mega Cap), normalizing diverse currencies into EUR for consistent analysis.
The Result Within 72 hours of approval, Proton received a fully enriched, normalized CSV dataset covering 100% of their target scope. This allowed their Product & Marketing teams to bypass weeks of manual data cleaning and move straight to strategic analysis.
"The speed and granularity were exactly what we needed. FinancialReports didn't just give us a list; they helped us fix our classification gaps and delivered a complete market map in days, not weeks."
