Markit has agreed to acquire Information Mosaic, the corporate actions and post trade securities processing software provider, for an undisclosed sum.
Information Mosiac’s software will allow Markit to extend its corporate actions service to support the full corporate actions trade lifecycle and enhance its asset servicing solution.
Information Mosaic will be integrated into Markit’s solutions division and will be led by managing director Paul Taylor, who will report to the co-head of solutions, Michele Trogni.
Trogni commented: “The combination of 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, CEO and chairman of Information Mosaic, added: “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.”
The transaction is expected to close in Q3 2015.
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