Paris-based data management platform provider NeoXam has forged an alliance with market data consultancy MDP to extend the reach of its DataHub platform in the DACH region comprising Germany, Austria and Switzerland. The initiative will focus on helping clients deal with market and reference data challenges such as costs, multi-vendor strategies, reconciling data sources and management of service level agreements.
The alliance strengthens NeoXam’s market data offering, which was most recently extended in November 2020 with tools including DataCost Monitor and DataCost Optimizer that allow financial institutions to monitor, control and optimise market data subscription costs and generate savings.As a result of the MDP deal, NeoXam is looking to benefit from the consultancy’s industry experience, product know how and relationship network in market and reference data. “We’ll be providing NeoXam with strategic advice, marketing support, and helping them to position their products in the DACH region,” says Kees Brooimans, managing director at MDP. “We’ll also help generate new business, follow up on existing leads, and support NeoXam in having the right setup in place to take the sales and marketing process forward.”
MDP was founded by former executives of Screen Group, now part of TRG Screen. Kees Brooimans and Peter Fruitema, were co-founders of Screen in 1990. The company, which specialised in market and reference data advisory services, was acquired by market data inventory platform specialist The Roberts Group to form TRG Screen in 2018.