Interactive Data Corp. has completed the acquisition of Italian reference data provider Kler’s Financial Data Service Srl. for €19 million in cash. The move is part of Interactive Data’s plan to boost its presence in the European marketplace.
Rome-based Kler’s provides corporate actions and taxation information, coverage of Italian and international securities including equities, listed and unlisted Italian bonds, funds, simple derivatives and warrants. It counts many major Italian banks and custodians among its clients. Kler’s services, which will be will marketed in Italy as Interactive Data Kler’s, are available as a downloadable datafeed for back-office applications or via an online browser that enables clients to search, design reports and perform analysis.