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Communify, in Partnership with Stellex Capital, Acquires Fincentric (Formerly Markit On Demand) from S&P Global

Aug 15, 2024•11 months ago

Acquiring Company

Communify Fincentric

Acquired Company

Communify Fincentric

Santa MonicaSanta MonicaFinanceFinancial ServicesFinanceFinancial Services

Description

Communify, in partnership with Stellex Capital Management, has acquired Fincentric (formerly known as Markit On Demand) from S&P Global. The acquisition integrates Fincentric with Communify's existing client communication, automation, and management business for the global wealth and asset management industries to form Communify Fincentric, representing a significant leap forward in financial technology.

Company Information

Company

Communify Fincentric

Location

Santa Monica, California, United States

About

Communify Fincentric, unifying the communication of market (Fincentric) and client data (Communify), delivers unique, high quality digital experiences for the financial industry. Founded on decades of maturity in delivering complex market data to some of the largest firms in financial services, Communify Fincentric’s platform and Knowledge Bases allow excellent experiences at a fraction of the cost of in-house solutions. Communify Fincentric’s SaaS-based product suite unifies the communication of market and client data through a library of financial apps, with solutions including Communify Fincentric Markets Apps, Client Apps and Advisor Apps. Communify Fincentric’s Knowledge Base of 4000+ unique data feeds and 500M+ page views per day also powers our advanced AI capabilities for the next generation of communication, automation and management of financial data.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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