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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Deutsche Börse Closes Azdex Deal, Signals Intent in Reference Data

As we’ve previously reported (Reference Data Review, July 2005), Deutsche Börse has now closed the deal to acquire a 51% stake in Azdex, the business entity data and services supplier run by Ken Price. The deal highlights Deutsche Börse’s growing intention to become a player in the reference data space. Although the purchase price was not disclosed, the companies have stated, “the overall cash investment for Deutsche Börse is in the area of a single digit million figure and includes a contribution to the Azdex share capital”. The London Stock Exchange had previously entertained discussions about a similar deal for Azdex but this fell through some months ago. Azdex clients include Barclays Capital Services, Citigroup, Dresdner Kleinwort Wasserstein and Standard Bank. Price and co-founder Steve French retain the remaining 49%.

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