Markit completes acquisition of Information Mosaic
Markit has completed its acquisition of Information Mosaic, a software provider for corporate actions and post trade securities processing.
Markit's solutions division will absorb the acquired business, which will be led by Paul Taylor, managing director, reporting to Michele Trogni, managing director and cohead of solutions.
Information Mosaic has around 200 employees based in Dublin and New Delhi. It hasadditional offices in London, New York, Singapore and Kuala Lumpur.
The business provides services to global banks, asset managers, wealth managers, sovereign wealth funds, investor services firms, custodians and exchanges.
The transaction is not expected to have a material impact on Markit’s financial results in 2015. Financial terms were not disclosed.
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