Industry Growth Spurs Further Consolidation

VANCOUVER/NEW YORK—Two well-known reference data businesses have been acquired recently, marking a shift toward consolidation in the rapidly maturing industry.

New York-headquartered data management solutions provider Asset Control has agreed to buy TAP Solutions, a data software company based in Vancouver. The deal was announced in connection with Fidelity Ventures taking a majority position in Asset Control and Phil Lynch, former CEO of Reuters Americas and a venture partner with Fidelity V