IHS Markit (NYSE: INFO), a world chief in crucial data, analytics and options, at this time introduced the acquisition of Catena Applied sciences (Catena), a world regulatory commerce reporting agency based mostly in Singapore.
“The acquisition of Catena is a logical extension of IHS Markit’s technique to offer complete options that allow our clients to satisfy their world regulatory compliance wants,” mentioned John Barneson, senior vice chairman and head of Platforms and Regulatory Compliance at IHS Markit.
Catena was based by its Chairman, Randall E. Duran, in 2002 as a fintech consultancy and reworked to turn into a software-as-a-service (SaaS) supplier of commerce reporting options in 2014. Its award-winning TRACE Reporting platform automates and manages commerce reporting, offering cross-asset protection, valuation and collateral reporting, and reconciliation. TRACE Reporting covers G20 jurisdictions, similar to ASIC, MAS, HKMA, and EMIR, in addition to MiFID II reporting.
“As a part of IHS Markit, we will supply clients a seamless, single-vendor resolution that integrates transaction reporting with different post-trade and compliance workflows,” mentioned Aaron Hallmark, CEO of Catena. “This functionality will allow clients to streamline their trade-reporting processes, scale back prices, and concentrate on strategic initiatives.”
“The MarkitSERV crew has been working intently with Catena for a number of years to assist funding companies and banks overcome the quite a few knowledge and know-how hurdles they face in commerce reporting,” mentioned Julian Chesser, head of Asia Pacific for MarkitSERV at IHS Markit. “Bringing the experience and know-how from Catena into MarkitSERV and our different compliance platforms will allow us to offer much more complete and environment friendly commerce reporting companies to clients globally.”
MarkitSERV offers end-to-end commerce processing and workflow options that help all contributors in OTC buying and selling, from post-trade notices of execution, commerce affirmation and allocations to clearing and reporting. Its options help a broad vary of asset lessons and merchandise, working repeatedly with the worldwide monetary trade to make sure swift and environment friendly protection of latest merchandise.
The monetary affect of the transaction shall be non-material on IHS Markit earnings or earnings steerage. Phrases weren’t disclosed.
This communication incorporates “forward-looking statements” as outlined within the Non-public Securities Litigation Reform Act of 1995. These statements, which specific administration’s present views regarding future enterprise, occasions, tendencies, contingencies, monetary efficiency, or monetary situation, seem at varied locations on this communication and use phrases like “intention,” “anticipate,” “assume,” “imagine,” “proceed,” “may,” “estimate,” “count on,” “forecast,” “future,” “aim,” “intend,” “probably,” “could,” “would possibly,” “plan,” “potential,” “predict,” “challenge,” “see,” “search,” “ought to,” “technique,” “try,” “goal,” “will,” and “would” and related expressions, and variations or negatives of those phrases. Examples of forward-looking statements embody, amongst others, statements we make concerning: steerage and predictions regarding anticipated working outcomes, similar to income progress and earnings; strategic actions similar to acquisitions, joint ventures, and tendencies, the anticipated advantages therefrom, and our success in integrating acquired companies; anticipated ranges of capital expenditures in future intervals; anticipated ranges of indebtedness, capital allocation, dividends, and share repurchases in future intervals; our perception that we’ve adequate liquidity to fund our ongoing enterprise operations; expectations of the impact on our monetary situation of claims, litigation, environmental prices, contingent liabilities, and governmental and regulatory investigations and proceedings; and our technique for buyer retention, progress, product improvement, market place, monetary outcomes, and reserves. Ahead-looking statements are neither historic details nor assurances of future efficiency. As an alternative, they’re based mostly solely on administration’s present beliefs, expectations, and assumptions concerning the way forward for our enterprise, future plans and techniques, projections, anticipated occasions and tendencies, the financial system, and different future situations. As a result of forward-looking statements relate to the long run, they’re topic to inherent uncertainties, dangers, and adjustments in circumstances which are troublesome to foretell and lots of of that are exterior of our management. Essential elements that might trigger our precise outcomes and monetary situation to vary materially from these indicated within the forward-looking statements are extra totally mentioned underneath the caption “Threat Components” in our Annual Report on Type 10-Ok, together with our different filings with the U.S. Securities and Alternate Fee (“SEC”). Nevertheless, these elements shouldn’t be thought of to be a whole assertion of all potential dangers and uncertainties. Unlisted elements could current important extra obstacles to the belief of forward-looking statements. You might be cautioned to not place undue reliance on these forward-looking statements, that are based mostly solely on data presently out there to our administration and speaks solely as of the date of this communication. We don’t assume any obligation to publicly present revisions or updates to any forward-looking statements, whether or not because of new data, future developments or in any other case, ought to circumstances change, besides as in any other case required by securities and different relevant legal guidelines. Please seek the advice of our public filings with the SEC or on our web site at investor.ihsmarkit.com.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world chief in crucial data, analytics and options for the most important industries and markets that drive economies worldwide. The corporate delivers next-generation data, analytics and options to clients in enterprise, finance and authorities, bettering their operational effectivity and offering deep insights that result in well-informed, assured selections. IHS Markit has greater than 50,000 enterprise and authorities clients, together with 80 p.c of the Fortune World 500 and the world’s main monetary establishments. Headquartered in London, IHS Markit is dedicated to sustainable, worthwhile progress.
About Catena (www.catena-technologies.com)
Catena Applied sciences Pte. Ltd. focuses on structure, design, and supply of superior know-how options for the monetary companies trade. Based mostly in Singapore, the corporate offers companies to banks and asset managers in North America, Europe, Asia, and Australia. Catena combines in-depth data of the monetary markets with experience in implementing revolutionary options.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its associates. All different firm and product names could also be logos of their respective house owners © 2020 IHS Markit Ltd. All rights reserved.
Information Media Contact:
+1 646 679 3463
Investor Relations Contact:
+1 303 397 2969
— to finance.yahoo.com