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Markit Closes Cadis Deal, Rebrands as Markit EDM

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Markit has completed the acquisition of Cadis, and will rebrand the data management platform under the Markit Enterprise Data Management banner. The company will sit alongside Markit’s other enterprise businesses, among them Markit Analytics, Markit Portfolio Management and Markit on Demand.

As reported, CEO Daniel Simpson will continue to run the business. He’ll also join Markit’s executive management team. Arma Partners acted as financial adviser to Cadis on the deal, which is believed to be worth in excess of £100 million.

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