Markit to acquire Information Mosaic

Markit to acquire Information Mosaic
02.06.2015 01:00 am

Markit to acquire Information Mosaic

M&A Deals

Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced that it has agreed to acquire Information Mosaic, a leading software provider for corporate actions and post trade securities processing.  Information Mosaic’s enterprise software will allow Markit to extend its corporate actions service to support the full corporate actions trade lifecycle and enhance Markit’s asset servicing solutions.

Michele Trogni, managing director, cohead of Solutions at Markit, said: “Information Mosaic is known for its leadership in corporate actions, a critical, complex and challenging area of operational risk for many financial institutions.  The combination of deep domain expertise, data and technology assets created by this acquisition will position Markit as a leading provider of end to end corporate actions services.”

Ulrich Kunz, chief executive officer and chairman of Information Mosaic, said: “Over the past several years, Information Mosaic has transformed its operations with a renewed focus on customers and an expanded core corporate actions and post trade securities processing business.  By combining our company with Markit’s global scale and distribution capabilities, both our customers and employees can realise significant benefits.  We are excited by the future potential for both our company and our customers as part of Markit.”

Information Mosaic has approximately 200 employees based primarily in Dublin and New Delhi, with additional offices in London, New York, Singapore and Kuala Lumpur.  Its customers include global banks, asset managers, wealth managers, sovereign wealth funds, investor services firms, custodians and exchanges.

Information Mosaic will be integrated into Markit’s Solutions division and will be led by Paul Taylor, managing director, reporting to Michele Trogni.

Financial terms were not disclosed.  The transaction is expected to close in the third quarter of 2015, subject to customary conditions, and is not expected to have a material impact on our financial results this year.

Related News

MFS Africa Acquires Beyonic, Bringing Cross-Border Digital Payments to SMEs Throughout Africa and Beyond

Pan-African cross-border payments leader MFS Africa today announced that it has acquired ... Read more »

FIME expands testing & consultancy offering with the acquisition of CETECOM Payment activities in the U.S.

Payments testing and consultancy expert, ... Read more »

Elaia and Bpifrance acquire stakes in iBanFirst in a €21 million third round of funding

Global financial services provider iBanFirst, delivering solutions across banking borders, has announced that it will continue to expand with the help of venture capital funds... Read more »

TPAY MOBILE acquires Payguru, the leading payment platform in Turkey

TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa (MEA), has... Read more »

TAS International acquires Infraxis AG

TAS International SA, the wholly-owned subsidiary of TAS S.p.A., has today signed a binding agreement for the acquisition of the Swiss company, Infraxis AG, and its British... Read more »

Venafi to Acquire Jetstack to Accelerate and Secure Digital Transformation

Venafi®, the inventor and leading provider of machine identity... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel