LONDON & NEW YORK & SINGAPORE--(BUSINESS WIRE)--Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced the completion of its acquisition of Information Mosaic, a leading software provider for corporate actions and post trade securities processing.
The Information Mosaic business is being integrated into Markit’s Solutions division and will be led by Paul Taylor, managing director, reporting to Michele Trogni, managing director and cohead of Solutions.
The company has approximately 200 employees based primarily in Dublin and New Delhi, with additional offices in London, New York, Singapore and Kuala Lumpur. Information Mosaic’s customers include global banks, asset managers, wealth managers, sovereign wealth funds, investor services firms, custodians and exchanges.
The transaction is not expected to have a material impact on Markit’s financial results in 2015. Financial terms were not disclosed.
Notes to Editors
Markit is a leading global diversified provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 3,500 people in 10 countries. Markit shares are listed on Nasdaq under the symbol MRKT. For more information, please see www.markit.com.
About Information Mosaic
Information Mosaic, the market leader in global post-trade securities processing, delivers comprehensive automation and risk management to tier-1 financial institutions. Clients rely on our solutions for the enterprise-wide management and control of their middle- to back-office. With our deep industry knowledge and understanding of multi-regional compliance, process and risk management, we provide clients with the best route for post-trade operational efficiency.