Markit closes CoreOne acquisition
Markit (Nasdaq:MRKT), a provider of financial information services, today announced the completion of its acquisition of CoreOne Technologies, a global leading provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions.
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The acquisition strengthens Markit’s Information and Solutions businesses with CoreOne’s capabilities in regulatory reporting, index and ETF services, and data management services. In addition, it extends Markit’s capabilities into prime brokerage.
CoreOne has more than 500 customers including global banks, asset managers, wealth managers, sovereign wealth funds, investor services firms, custodians and exchanges. The company is supported by a team of 200, with headquarters in New York and additional offices in Bangalore, Hong Kong and London.