Markit to acquire Information Mosaic

Markit to acquire Information Mosaic

Financial data outfit Markit is to acquire Dublin-based corporate actions and post-trade vendor Information Mosaic.

Markit says the acqusition will enable it to extend its corporate actions service to support the full trade lifecycle and enhance Markit’s asset servicing suite.

Michele Trogni, managing director, co-head of solutions at Markit, says: "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 approximately 200 employees based primarily in Dublin and New Delhi, with additional offices in London, New York, Singapore and Kuala Lumpur. Its customers include global banks, asset managers, wealth managers, sovereign wealth funds, investor services firms, custodians and exchanges.

The firm will be integrated into Markit’s Solutions division and will be led by Paul Taylor, managing director, reporting to Michele Trogni.

Financial details were not disclosed.

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