01.11.2021

IHS Markit Acquires Cappitech

01.11.2021
Shanny Basar
IHS Markit Acquires Cappitech

Deal further expands IHS Markit’s global regulatory reporting capabilities, providing a single unified platform for global transaction reporting 

IHS Markit, a world leader in critical information, analytics and solutions, today announced that it has acquired compliance technology provider Cappitech to expand its suite of global, multi-asset class transaction regulatory reporting offerings to the financial industry.

Cappitech, a privately held Israeli company, provides robust regulatory reporting, best execution analysis and business intelligence solutions, allowing customers to efficiently comply with transaction reporting regulations across multiple jurisdictions in one place. The firm’s scalable cloud-based platform is relied on by over 200 global banks, brokers, asset managers, hedge funds and corporations and its innovative products and technology have received numerous industry awards.

In 2019, IHS Markit selected Cappitech’s platform as a key component of its SFTR (Securities Financing Transactions Regulation) solution, which is now relied upon by some of the largest financial institutions in the world. Capitalizing on the established relationship and existing integration, this latest move will deliver unified solutions to the market and solidify IHS Markit’s continued commitment to providing industry leading regulatory reporting solutions.

“Regulatory reporting demands will continue to grow rapidly around the globe and customers are looking for a reliable, frictionless and cost-effective way to comply with requirements across jurisdictions,” said Pierre Khemdoudi, Managing Director, Global Equities at IHS Markit. “Cappitech’s platform complements our existing offering, enabling us to provide the most comprehensive and scalable integrated financial regulatory service to customers.”

“We are excited to join a company that shares our passion for providing best-of-breed regulatory reporting solutions and looking forward to expanding our existing commitment to the industry,” commented Ronen Kertis, CEO & Founder at Cappitech. “Based on our extensive engagement with IHS Markit over the past two years, we are confident that combining our mutual successes and sector expertise will enable us to accelerate our product enhancement and services for the benefit of our global clients.”

The financial terms were not disclosed.

Source: IHS Markit

Related articles

  1. Deutsche Borse-LSE Merger in Focus
    From The Markets

    SETL Acquired by Colendi

    The SETL/Colendi enterprise is preparing a new public blockchain infrastructure.

  2. Auerbach Grayson Launches U.S. Equities Trading Business
    Daily Email Feature

    FTX US Boosts Equities Business

    The US regulated cryptocurrency exchange has acquired Embed Clearing.

  3. The acquisition marks the latest regulatory licence acquisition by the crypto firm.

  4. Mirae Asset is bringing its ETF AUM to over $85 billion.

  5. Deutsche Borse-LSE Merger in Focus

    Euronext is internalising the core trading platform of MTS and its largest IT contract.