MDX Technology secures investment from ex IHS Markit executives

  • Data , IT Innovations
  • 11.01.2022 05:30 pm

- Powering new development capabilities and business expansion plans 

- Follows exceptional growth in 2021 

- Driving accelerated adoption of real-time data collaboration technology solutions 

MDX Technology (MDXT), the leading innovator of real-time data collaboration technology, announces it has secured significant investment from a group of private backers. The new investment will accelerate the firm’s ambitious business development plans and new technology development activities.  

The investor group includes Daniel Simpson, Emanuel Mond, co-founders of Cadis, now IHS Markit  EDM and Graham Denyer, ex CTO of the IHS Markit EDM offering. The group have worked together  on several other investment opportunities, including the Livingstone Software Asset Management business. The investment amount is undisclosed.  

Paul Watmough, CEO at MDXT, commented.

“The investment is the next exciting step in the MDXT  journey. Our proven data collaboration technology is robust and highly flexible, used by nearly 40 high  profile investment banks, interdealer brokers and buy-side firms. It also underpins the MDXT  marketplace, which is fast gaining traction within the data provider community, including ICE and IGM  and the new breed of data consumers, all of whom are looking for a modern, highly cost-effective  alternative for data delivery and acquisition. We finished 2021 on a high, and with access to this  investment and the expertise of our investors, we can accelerate our ambitious business growth plans  and new technology development goals, particularly around Symphony and other key technology  partners.” 

Daniel Simpson concluded:

“Fast, efficient access to real-time data is essential for informed  decision-making that drives trading strategies and increases profitability and is why MDXT has earned  its market-leading position. The technology is best in class, developed by the industry’s leading  experts in this field; its loyal, blue-chip customer base speaks for itself. However, we believe there is  much more to achieve through new product innovation and forging deeper and stronger relationships  with our customers and partners. This is a high growth sector, and the opportunities to add additional  value for our users are endless. We are excited to be part of it.” 


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