Advised Cadis, an enterprise data management software provider, on its sale to Markit
May 2012
acquired by
  • Sector: Data & Information; Fintech, WealthTech & InsurTech
  • Deal Type: Strategic Deals; Founder-led Businesses
  • Engagement type: Sellside
  • Size: <$200m
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Arma Partners is pleased to announce that it has acted as exclusive financial adviser to Cadis on its sale to Markit. Cadis delivers a global enterprise data management (“EDM”) specialist platform which consolidates data from multiple sources within a centralised hub, providing users with reliable, transparent and auditable data. Markit is a leading, global financial information services company that provides independent data, valuations and trade processing services across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency.

– Cadis Software is the leading independent provider of Enterprise Data Management (“EDM”) solutions with a particular focus on the financial services vertical

– Delivered on-site or as SaaS, Cadis platform acts as the central hub for market data, trades, securities and corporate actions

– Global client coverage includes asset managers, banks, regulators, hedge funds, insurance companies, and pension funds as well as large, multi-national corporates

– Markit provides pricing and reference data products for the financial sector globally. The company also provides trade processing and financial portfolio management software

– Founded in 2001, Markit is headquartered in London, UK, with more than 2,300 employees and offices in New York,

– Toronto, Tokyo, Singapore, Brussels, Luxembourg, Amsterdam, Frankfurt and Sydney

– In 2010, Markit generated over $650m of revenue

– Financial institutions are seeking to improve efficiency and differentiate their services through better use of data and improved data management solutions. Heightened regulatory requirements and increased focus on risk and compliance are driving the need for improved enterprise data management

– Cadis puts quality, audited data at the centre of organisation. Its solutions build gold copy masters across all data types, deliver tangible data governance, risk management and compliance frameworks and rationalise legacy architectures

– Data management is on top of Markit’s customer agenda. Following this acquisition, Markit will be able to provide its customers with Cadis’ market-leading data management solution which has a strong track record for successful implementation. The Cadis business, which will be rebranded Markit Enterprise Data Management, will operate as a business unit alongside Markit’s other enterprise solutions including Markit Analytics, Markit Portfolio Management and Markit on Demand

– Arma Partners was appointed by Cadis shareholders to review strategic options including financial analysis, strategic positioning, valuation, marketing materials preparation, due diligence and transaction negotiation

– Arma Partners initiated contact with both strategic and private equity funds, led price negotiations, and affected a strategic exit within a compressed timeframe

– The transaction illustrated Arma Partners’ leadership in advising companies in the financial technology and market data sectors, leveraging Arma’s deep domain expertise, understanding of the buyer universe and first class execution skills