Markit Buys Wall Street On Demand to Boost Web Data

Lance Uggla, CEO, Markit

UK-based data vendor Markit aims to create a more "viral" and "collaborative" Web presence for its data and tools as a result of its purchase of Wall Street on Demand, a Boulder, Colo.-based provider of wealth management data services and hosted data modules for institutional, media and online brokerage portals.

The deal, for an undisclosed sum, is expected to close in the coming weeks, and gives Markit in-house expertise that it can use to increase and improve the Web-based delivery of its data

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