Markit buys data manager Cadis

ConnectingFinancial data company Markit has acquired Cadis, which provides enterprise data management, for undisclosed terms.

The Cadis team will work alongside other Markit units, which supply services such as analytics and portfolio management to businesses. Cadis's chief executive officer, Daniel Simpson, will continue to run the unit.

Established in 2007, Cadis serves businesses by bringing together data from multiple sources into a software hub. Markit says the system provides users with data that is reliable, transparent and auditable.

©2012 funds europe