Markit Acquires Communicator

ORGANIZATION & STRATEGY

Credit data provider Markit last week bought US-based Communicator, Inc., a provider of technology and data services, for an undisclosed sum.

Lance Uggla, chief executive of Markit, says the services of the two companies are "complementary and enable us to gain a competitive edge in the market." In particular, he points to Markit's content, derivatives pricing and portfolio valuations and Communicator's "high quality derivatives" trade processing.

Uggla says the acquisition gives Markit addi

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