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Markit Enters OMS Arena with Acquisition of thinkFolio

Markit, a leading global financial information services company, today announced that it has acquired thinkFolio, a London-based maker of portfolio management software.

The software from thinkFolio offers sophisticated order management (OMS), portfolio modelling, compliance and cash management capabilities for the cash and derivative markets across multiple asset classes including bonds, commodities, equities and foreign exchange. Around 3,000 traders and portfolio managers at leading buyside firms use thinkFolio today.

The acquisition expands Markit’s franchise in enterprise software and its ability to provide front office solutions. thinkFolio is already integrated with Markit’s enterprise data management solution and certain data services from Markit, such as Transaction Cost Analysis and iBoxx fixed income indices.

Daniel Simpson, managing director and head of enterprise software at Markit, said: “thinkFolio and its team are best in class. The software has superb functionality, is straightforward to implement, and fast and cost efficient to use. This acquisition expands Markit’s technology offering for the front office and enables customers to source order management and portfolio management software as well as enterprise data management, transaction cost analysis and risk analytics, all from a single provider.”

Andrew Walsh, chief executive officer and founder of thinkFolio, said: “We are impressed with Markit’s entrepreneurial culture and its rapidly growing group of software businesses. Our experience of working with Markit on product integration has been extremely positive and gives us great confidence that we will thrive as part of Markit. Markit’s global reach will take our product to the next level and help drive our mission of providing a first-class product with excellent customer support.”

thinkFolio will operate as a business unit alongside Markit’s other enterprise software solutions, including Analytics, Enterprise Data Management and WSO. Andrew Walsh will join the enterprise software management team at Markit.