Westwood Taps Markit for EDM

"Recent growth and regulatory demands, like cybersecurity, led Westwood to pursue solutions to ensure data quality, create an agile data hub to support growth and maintain regulatory compliance," said Fabian Gómez, CIO of Westwood, in a statement. "As we have expanded into emerging markets and global convertible bonds, we sought a partner in this space to support our development and manage our key data needs. The Markit EDM hosted solution provides quality, timeliness, scalability and security as we continue to grow."

The news comes during a busy period for Markit, having recently announced the acquisition of systems integration software created by JPMorgan.

"Momentum around adoption of cloud-based data management services has significantly picked up in recent months," said Spiros Giannaros, managing director of Markit EDM, in a statement. "Westwood is a great example of putting a data management system in place as a foundation to support ever changing business and regulatory environments."