2024-02-20
S&P Global to Buy Visible Alpha; Explores Options for Fincentric
Feb 20 (Reuters) - Data provider S&P Global (SPGI.N) said on Tuesday it plans to buy financial technology provider Visible Alpha for an undisclosed sum., opens new tab
Founded in 2015, Visible Alpha is a financial technology firm that provides consensus estimates and analytics, and distributes the data through channels including a web-based platform and feeds.
S&P Global is also exploring options for its digital solutions provider Fincentric, formerly known as Markit Digital, the company said in a statement.
The deal for Visible Alpha, expected to close this year, and the consideration of options for Fincentric are part of measures to accelerate focus in key areas of strategic growth, S&P said.
Source: REUTERS