IHS Markit acquires regulatory compliance technology provider Cappitech

IHS Markit, a leader in critical information, analytics and solutions, announced its accquisition of compliance technology provider Cappitech. This accquisition aims to expand IHS Markit's suite of global, multi-asset class transaction regulatory reporting products to the financial industry.

Israel-based Cappitech offers robust regulatory reporting, best execution analysis and business intelligence solutions, enabling customers to efficiently comply with transaction reporting regulations across multiple jurisdictions in one place. The company's cloud-based platform is relied on by more than 200 global banks, brokers, asset managers, hedge funds and corporations and its innovative offerings and technology have won plenty of industry awards.

In 2019, IHS Markit chose Cappitech's platform as a key component of its SFTR (Securities Financing Transactions Regulation) solution, which is now relied upon by some of the largest financial institutions in the world. This latest accquistion will deliver unified solutions to the market and solidify IHS Markit's continued commitment to providing industry leading regulatory reporting solutions based on the established relationship and existing integration.

"Regulatory reporting demands will continue to grow rapidly around the globe and customers are looking for a reliable, frictionless and cost-effective way to comply with requirements across jurisdictions," said Pierre Khemdoudi, Managing Director, Global Equities at IHS Markit. "Cappitech's platform complements our existing offering, enabling us to provide the most comprehensive and scalable integrated financial regulatory service to customers."

"We are excited to join a company that shares our passion for providing best-of-breed regulatory reporting solutions and looking forward to expanding our existing commitment to the industry," commented Ronen Kertis, CEO & Founder at Cappitech, "Based on our extensive engagement with IHS Markit over the past two years, we are confident that combining our mutual successes and sector expertise will enable us to accelerate our product enhancement and services for the benefit of our global clients.