Markit, a leading, global financial information services company, today announced it has agreed to acquire Cadis, the global enterprise data management specialist.
"By combining our expertise with Markit’s distribution and customer network, we will be able to help more firms meet increased regulatory pressures and risk management demands.”
- Daniel Simpson, CEO of Cadis
“Where a lot of systems fall down is they try and agree on a common standard across the single organisation on day one. By the time it’s been defined, the business has changed.”
-Daniel Simpson, CEO Cadis
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"To really get the value out of data, it has to be firm-wide and there can't be a one-size that fits all organisations. The solution is to have multiple Golden Copies. Don't put an enormous data warehouse at the centre of your activities - you still need a data warehouse, but as a downstream repository."
- Daniel Simpson, CEO, Cadis
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“Many firms are overwhelmed by the sheer volume of data throughout the organisation. Companies such as Federated, who have grown through multiple acquisitions in recent years, are being savvy and implementing effective data management solutions in order to meet the stringent investor and regulatory reporting requirements."
- Daniel Simpson, CEO
“Donald is a great addition to the North American team bringing with him over 20 years of industry experience. With Donald on board, we will continue to deliver solutions that enable our clients to get a rapid handle on their data.”
- Daniel Simpson, Cadis
Demand for data management driven by risk and regulation
"Data must be seen as an asset for businesses and managed properly. If it’s not, then it just becomes a liability."
- Daniel Simpson, CEO, Cadis
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“If we look at our financial services clients, tick data is prevalent—they’re holding 40,000 to 50,000 positions and a universe of 7 million to 8 million securities. With that going back 15 years, it’s a lot of information. If you look at compliance, there are things like phone transcripts—you’re storing every phone call made in and out of a bank and again, that’s an enormous quantity of data. We’re seeing ways of communicating outside of the telephone proliferating as well. Whereas before you’d see email archives getting up to thousands of terabytes, you’re now tracking and monitoring instant messaging and social media.”
- Daniel Simpson, CEO, Cadis
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