About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Breaking News: Interactive Data Corporation Set for Sale

Subscribe to our newsletter

According to a news story on Thomson Reuters’ news service Interactive Data Corporation (IDC) is up for sale five years after it was purchased by private equity firms Silver Lake and Warburg Pincus. The firms are expected to sell IDC in a deal that could value the financial information business at $5.5 billion including debt, or make an initial public offering (IPO) to dispense of their 96% holding in the company, the remainder of which is held by company management.

Silver Lake and Warburg Pincus bought IDC from Pearson in 2010 in a deal that valued the company at $3.4 billion. The private equity firms went on to invest significant sums in the company, allowing it to develop sophisticated products and services such as Apex, which was released in October 2012. Apex includes all IDC’s reference data and offers a wide selection of reference data service delivery and access mechanisms. The company has also been looking at possible mergers of operational functions with partners.

While products and services have been developed at IDC under the ownership of Silver Lake and Warburg Pincus, the outcome of a sale of the company or IPO is unclear. Companies in the frame to buy IDC could be large, competitive financial information providers such as Thomson Reuters, Bloomberg or FactSet, but an acquisition on the scale of IDC and its integration would be a challenging task and raise questions about the future of IDC’s products and services, as well as its management team. An IPO could be less disruptive, but like a sale would offer no guarantees of product continuity for IDC customers and no assurances for the management team.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: MiFID II: Is the market truly ready? Will compliance be achieved?

Don’t miss this opportunity to view the recording of this recently held webinar. This market facing webinar aims to share insight and best practices so you can be more successful in Markets in Financial Instruments Directive II (MiFID II) compliance. To support this, the webinar will provide access to the latest results of a global...

BLOG

A-Team Group Names Winners of Data Management Insight Awards 2021

A-Team Group has named the winners of its prestigious 2021 Data Management Insight Awards. The annual awards, now in their ninth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. Award categories ranged from best data lineage solution to best data quality analysis tool, best standards solution, best corporate...

EVENT

TradingTech Summit Virtual (Redirected)

Trading Tech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Directory of MiFID II Electronic Trading Venues 2018

The inaugural edition of A-Team Group’s Directory of MiFID II Electronic Trading Venues 2018 offers a guide to the European landscape resulting from new market structure introduced by the January 3, 2018 implementation of Markets in Financial Instruments Directive II (MiFID II). The directory provides detailed profiles of more than 70 venue operators and their...