NEW YORK--As exclusively predicted in Inside Market Data last week, Bridge Information Systems has signed a letter of intent to acquire the market data assets and products of Automatic Data Processing (ADP). Terms were not disclosed, but insiders put the value of the deal at around $150 million.
The acquisition, which is yet another step in a series of consolidations involving Bridge, is part of a long-term strategic alliance with ADP. The deal will give ADP a minority interest and board repr
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails