Markit Nabs Information Mosaic
Markit has acquired software solutions firm Information Mosaic
Markit has acquired Information Mosaic, which specializes in software solutions for corporate actions, asset servicing and securities processing, and analytics.
"Information Mosaic is known for its leadership in corporate actions, a critical, complex and challenging area of operational risk for many financial institutions," Michele Trogni, co-head of solutions for Markit, said in a statement. "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."
Information Mosaic has five main offerings: IMSecurities, IMActions, IMAnalytics, IMConnecting and IMBridge.
IMSecurities offers asset servicing and securities processing firms tools for monitoring risk, and managing holdings and transaction history information. IMActions is an automated solution to help firms manage corporate actions processing. IMAnalytics leverages data from IMAnalytics and IMSecurities to provide a full range of analytics reports.
The web-based IMConnecting is a "self-service window to the post-trade environment for front-office and end-customer users," according to the vendor. And IMBridge is an enterprise service bus that allows users to develop custom services, data translation and enrichment.
Information Mosaic has about 200 employees and offices in Dublin, New Delhi, Singapore, Kuala Lumpur, New York and London.
"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," said Ulrich Kunz, chief executive officer and chairman of Information Mosaic, in a statement. "By combining our company with Markit's global scale and distribution capabilities, both our customers and employees can realize significant benefits."
Financial terms were not disclosed. Markit says the deal is expected to close in Q3.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Ice moves to meet demand for greater cloud, AI capabilities
The exchange also outlined competitive advantages behind managing its data and cloud strategy internally during its Q1 earnings call on Thursday.
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
The IMD Wrap: Beginning of the end for data audits?
This week, there’s exciting news for data bean-counters in the form of a partnership between two vendors that could change the way we view and track data usage and audits.
S&P debuts Spark Assist genAI copilot, draws up ‘Blueprints’ of combined datasets
S&P’s Kensho subsidiary has rolled out new emerging tech products leveraging AI to explore and combine the vendor’s wealth of datasets to solve common use cases.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- DTCC urges affirmation focus ahead of T+1 move
- FactSet looks to build on portfolio commentary with AI