Mosaic develops enterprise software with a focus on corporate actions and post trade securities processing. The deal, which is set to close in Q3, will see Mosaic’s business integrated into Markit’s Solutions division.
“Information Mosaic is known for its leadership in corporate actions, a critical, complex and challenging area of operational risk for many financial institutions,” said Markit’s Michele Trogni. “The combination of deep domain expertise, data and technology assets created by this acquisition will position Markit as a leading provider of end to end corporate actions services.” Information Mosaic’s current customer list includes banks, asset managers, wealth managers, sovereign wealth funds, investor services firms, custodians and exchanges.