Lipper acquires Capital Access International

Lipper acquires Capital Access International

Reuters subsidairy Lipper has acquired the operations of Capital Access International, a provider of institutional fixed-income data, in a cash deal worth a maximum $6.35 million.

As part of the acquisition, Lipper, a fund analysis research firm, will add Capital Access' fixed income holdings to its mutual fund analysis.

Michael Peace, CEO, Lipper, comments: "Through acquiring Capital Access, we have joined Lipper's equity expertise and Capital Access' fixed income perspectives, creating a total-capitalisation view of institutional ownership."

Both Lipper and Reuters' customers will be offered Capital Access's products and services including its browser-based market intelligence tool eMaxx.

Bill Goldy, managing director of fixed income, Reuters, says: "The addition of Capital Access bond holdings and holder-profile data provides our users with a vehicle for developing new contacts and business opportunities across our global community of users."

Under the deal, Capital Access chairman and CEO David Farrington has been named executive vice president, institutional holdings, Lipper.

Lipper adds that the Capital Access corporate brand is being replaced by its own brand, but will retain the names of Capital Access's products and services.

Reuters has also recently announced plans to extend its foreign exchange business with its acquisition of UK trading technology firm AVT Technologies.

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