Markit has today agreed to acquire Cadis, the global enterprise data management specialist. The need for enterprise data management (EDM) services has never been greater and Markit is excited to extend its offering into this critical area.
Established in 2007, Cadis prides itself on its highly successful implementation record. Its EDM platform consolidates data from multiple sources within a centralised software hub, providing users with reliable, transparent and auditable data. The best in class platform addresses a multitude of data management needs including front-to-back office integration and data frameworks for trading, pricing, risk and compliance management.
The combination of Cadis’ award-winning EDM platform with Markit’s global reach will enhance its offering significantly. The Cadis team will operate as a business unit alongside Markit’s other enterprise solutions including Markit Analytics, Markit Portfolio Management and Markit on Demand. Daniel Simpson, Cadis CEO, will continue to run the business post acquisition.