Data specialist IHS Markit acquires Ipreo for $1.86bn

By Jonathan Dyble
London-based data analytics and solutions company IHS Markit has announced that it has agreed to acquire financial services data provider Ipreo in a dea...

London-based data analytics and solutions company IHS Markit has announced that it has agreed to acquire financial services data provider Ipreo in a deal valued at $1.855bn.

The merger will provide IHS Markit with a strong foundation to expand its offerings in the financial services industry, with Ipreo supporting banks, companies, investors and other participants in capital raising processes.

See also:

“Ipreo has an extremely strong brand in financial markets and its services are a logical and highly complementary extension to our financial services business and our customer base,” said Lance Uggla, Chairman and CEO of IHS Markit. “We are excited to expand our footprint in the rapidly growing alternatives sector.”

Ipreo’s services minimize costs and complexities within capital markets, offering solutions to the pressures posed by demanding regulatory compliance and building costly in-house systems.

“By uniting Ipreo’s strong teams and business with IHS Markit, we will deliver even more to our client bases including new and innovative combined solutions,” said Adam Kansler, President of Financial Services, IHS Markit. “The way our respective businesses complement one another is quite extraordinary.”

IHS Markit will be purchasing its industry counterpart from private equity funds managed by Blackstone and Goldman Sachs’ Merchant Banking Division.

The acquisition is expected to close in H2 2018, subject to customary regulatory approvals.

Share

Featured Articles

ICYMI: Space blockchains and 6G predictions for the future

A week is a long time in tech, so here are some of Technology Magazine’s most popular articles which have been starting conversations around the world

Christine Kosmowski: growth mindset and hands-on leadership

Christina Kosmowski, CEO of LogicMonitor, discusses maintaining a growth mindset and the importance of maintaining accountability as a leader

ICANN’s Coalition to help build a better Internet for Africa

Domain name corporation ICANN is leading a group of African technology organisations to help bring security and reliability to the continent’s networks

Accelerate outcomes and cut waste with IT Asset Management

Enterprise IT

Tech leaders already looking to build back from recession

Digital Transformation

Robot dining staff on call to help care in the community

Digital Transformation