Cadis has offices in London, New York, Boston, Hong Kong, Luxembourg, Manchester, Paris, Sydney and Tokyo.
As part of the acquisition, Cadis team will operate as a business unit alongside Markit’s other enterprise solutions which include Markit Analytics, Markit Portfolio Management and Markit on Demand.
Cadis CEO Daniel Simpson will join Markit’s executive management team.
Cadis’ enterprise data management platform consolidates data from multiple sources within a centralised hub and offers data management needs including front-to-back office integration and data frameworks for trading, pricing, risk and compliance management.
Markit CEO Lance Uggla said that data management is top of just about every financial institution’s agenda, the scale and complexity of the data they are managing have never been greater.
"Following this acquisition, we will be able to provide our customers with Cadis’ market-leading data management solution which comes with a fantastic track record in successful implementation," Uggla said.
