Addition of US-based provider of investment research management solutions and data intelligence brings important new investor-focused capabilities to TMX Datalinx, advances global growth strategy   

TMX Group announced it has acquired Verity, a leading buy-side investment research management system, data, and analytics provider. The acquisition enhances TMX Datalinx’s client offering, strengthening its position in delivering global investment-grade data, insights, and investment workflow tools across equities, fixed income, and private assets.

“The addition of Verity strengthens our ability to serve a growing global client base, including the world’s top investment firms, by helping them to optimize and act on their most valuable asset – their intellectual capital – while enriching workflows with best practices and continuous innovation,” said Michelle Tran, President of TMX Datalinx. “Verity brings dynamic new financial data and proprietary analytics, including insider activity, buybacks, executive compensation, institutional holdings, and proven financial industry experts to our team. Together, we look forward to introducing these exciting new capabilities to more than 5,000 TMX Datalinx clients around the world.”

Verity’s two core product offerings are VerityRMS, a market-leading research management system, and VerityData, featuring enhanced datasets and insights primarily focused on public equity filings. TMX Datalinx plans to continue  advancing VerityData and VerityRMS, including their artificial intelligence capabilities, to enhance client investment outcomes and realize operational efficiencies.

“Joining TMX Group unlocks the next chapter for Verity, its products, and its global customer base,” said Andrew Robson, Verity CEO. “Verity has long been trusted by institutional investors who want to move from insight to action faster and with more confidence. As part of TMX Datalinx, we’re able to better deliver on that mission. I’m excited for our employees, our customers, and for the future ahead.”

For more information about Verity, visit www.verityplatform.com.

Solomon Partners served as exclusive financial advisor to Verity.

Source: TMX