Information Publishing, a UK-based provider of corporate actions data to the back offices of stockbrokers and banks, has acquired CapitalTrack, a data provider of floating rate information to the fixed income market.
The deal adds to Information Publishing’s three other financial data focused investments: Exchange Data International, FinData Portal and African Financial & Economic Data.
CapitalTrack maintains large independent, on-line Repository of static and event-based operational data in the floating and variable rate space.
The repository maintains documents for more than 80,000 live unique ISINs, and collects / supplies an average of 3,200 coupon re-sets / corporate actions a month for interest and redemption payments.
Even after the acquisition, CapitalTrack’s management, led by Jane Quinn, will remain unchanged.
Information Publishing CFO Michael Kaufman said: “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. This is the first of several acquisitions that we will be making to add to our datasets.”
Quinn said: “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.”