Markit acquires post trade securities processing specialist Information Mosaic

Markit Ltd (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.

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.

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.”

To view the official release, click here (PDF).

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