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

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