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Markit Completes Acquisition of Cadis

Markit, a leading, global financial information services company, today announced it has completed its acquisition of Cadis, the global enterprise data management specialist.

The Cadis business, which will be rebranded Markit Enterprise Data Management, will operate as a business unit alongside Markit’s other enterprise solutions including Markit Analytics, Markit Portfolio Management and Markit on Demand. It will continue to be run by Daniel Simpson, Cadis’ CEO, who will also join Markit’s executive management team.

Arma Partners acted as financial adviser to Cadis.