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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 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.
