Information Publishing PLC has strengthened its data capabilities in the fixed income space with the acquisition of CapitalTrack. The deal helps shore up several segments of Information Publishing’s data suite, including a focus on floating rates, as well as asset and structured securities markets.
CapitalTrack is a data provider of floating rate information, most crucially for the fixed income market. Of note, CapitalTrack currently maintains the largest independent, on-line repository of static and event-based operational data in the floating and variable rate space.
This database made CapitalTrack a tremendous asset for Information Publishing as it looks to expand its data capabilities, namely in the fixed income and securities area. Michael Kaufman, Chief Financial Officer, Information Publishing commented on the acquisition: “We are pleased to welcome the CapitalTrack clients, suppliers and team into the Information Publishing PLC family, and to be adding their first-class database – covering Floating Rate, Asset Backed and Structured Securities markets – to our expanding range of financial reference data products.”
More deal making on the horizon?
Information Publishing PLC has been very active in the mergers and acquisition space in recent months. Previously the group has also made strategic investments in Exchange Data International, FinData Portal, and African Financial & Economic Data. Many other industry venues have been looking at strengthening their respective data feeds recently, signaling a growing industry emphasis on data capabilities.
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Moving forward, Information Publishing also looks to be targeting additional deals or acquisitions to strengthen its datasets. Indeed, this stance was echoed in recent statement from its CFO, who noted: “This is the first of several acquisitions that we will be making to add to our datasets.”
The acquisition immediately augments Information Publishing’s datasets through the aggregation of CapitalTrack’s overall document repository. This includes the use of over 200,000 matured or early-redeemed documents and over 80,000 live unique ISINs.
CapitalTrack also boasts access to a diverse suite of web-based infrastructure and role-specific tools. “We are very happy to be part of IPP and believe that we will be able to add value to IPP’s extensive Fixed Income offering,” added Jane Quinn, Chief Executive Officer, CapitalTrack.
In terms of leadership, the acquisition is not expected to result in a wholesale shakeup of personnel. Subsequently, Ms. Quinn will continue to lead CapitalTrack’s management team, as it will remain intact for the foreseeable future.