Information Publishing PLC has announced the acquisition of CapitalTrack, a data provider of Floating Rate information to the Fixed Income market.
“We are pleased to welcome the CapitalTrack clients, suppliers and team into the Information Publishing PLC family, and to be adding their first-class database – covering Floating Rate, Asset Backed and Structured Securities markets – to our expanding range of financial reference data products. This is the first of several acquisitions that we will be making to add to our datasets.” said Michael Kaufman, Chief Financial Officer, Information Publishing
CapitalTrack maintains the largest independent, on-line Repository of static and event-based operational data in the Floating and Variable Rate space. Using a combination of web-based infrastructure and role-specific tools, in addition to over 200,000 matured or early redeemed documents, the Repository maintains documents for over 80,000 live unique ISINs, and collects / supplies an average of 3,200 coupon re-sets / corporate actions a month for interest and redemption payments. After the acquisition, the management, led by Jane Quinn, will remain the same.
“We are very happy to be part of IPP and believe that we will be able to add value to IPP’s extensive Fixed Income offering” said Jane Quinn, Chief Executive Officer, CapitalTrack
This strategic acquisition adds to the company’s three other financial data focused investments: Exchange Data International, FinData Portal and African Financial & Economic Data.