MSCI, a leading provider of research-based indexes and analytics, has entered into a definitive agreement to acquire all of the assets of Insignis, Inc., a leading data collection and aggregation service for the financial industry.
Insignis provides daily automated collection, aggregation and management of financial data, including data on positions, transactions and complex instruments such as exchange-traded futures and options, OTC swaps and foreign exchange spot and forward contracts.
Insignis’ data footprint today covers 35 custodians, 15 futures brokers and 20 OTC managers with over $2 trillion in market value. MSCI currently leverages Insignis’ technology in its InvestorForce product line and plans to expand its use to further automate the collection and integration of data across its risk and performance management platforms, which serve over 1,200 clients globally.
Peter Zangari, Managing Director and Global Head of Analytics for MSCI, said, “Asset owners, consultants, asset managers, banks and hedge funds around the world count on the quality of the data that powers our indexes and analytical tools. This acquisition further strengthens our position in analytics and demonstrates our commitment to providing a superior end-to-end solution for clients.”
Jim Morrissey, Managing Director, MSCI, said, “Clients are looking to MSCI to help them address the evergrowing challenges of collecting, normalizing and reconciling complex data for performance and risk reporting. This acquisition is an example of how we are focused on improving the entire data value chain for clients - from data aggregation to delivery of accurate, high quality analytics.”
Financial terms of the transaction were not disclosed and the transaction is not expected to have a material impact on MSCI’s financial results. Following completion of the acquisition, revenues attributable to Insignis will be included in MSCI’s Analytics products category. The transaction is expected to close in the fourth quarter, subject to customary closing conditions.
