CRISIL, a global analytics company, is set to acquire the proprietary benchmarking data provider Greenwich Associates, based in Connecticut, by Q1 2020.
According to CRISIL, the acquisition will complement its existing portfolio of products and expand offerings to new segments across financial services including commercial banks, asset, wealth managers.
In addition, CRISIL suggested that the deal will help ‘accelerate’ its strategy to be the leading player in the growing market of global benchmarking analytics.
Greenwich’s CEO, Steven Busby, explained that Greenwich’s combined data and analytics will provide clients with high-value actionable insights they demand in today’s competitive business environment
Busby commented: “For nearly five decades, Greenwich has pioneered voice of the customer benchmarks and analytics across the global financial services industry. We are delighted to become a part of CRISIL.”
Meanwhile, CRISIL’s CEO and managing director, Ashu Suyash said: “With this acquisition, CRISIL will strengthen its position as the foremost global benchmarking analytics provider for financial services, where Coalition is a distinguished provider to corporate and investment banks worldwide.”
“We are very excited about bringing the two trusted brands together, and Greenwich’s rich data sets will augment Coalition’s proprietary data, enabling unique analytics and insights,” Suyash added.
The acquisition is subject to regulatory approval and other customary closing conditions.
Greenwich’s partners and their team of approximately 150 people globally will join CRISIL following the completion of the transaction.
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