Ray D'Arcy, Interactive Data's president and chief executive officer

Acquisition of Interactive Data completed

Interactive Data, a provider of financial market data, analytics and related solutions, has been acquired by investment funds managed by Silver Lake and Warburg Pincus.

Pursuant to the terms of the agreement entered into on 3 May 2010, Interactive Data's stockholders will receive USD33.86 in cash, without interest, less any applicable withholding taxes, for each share of Interactive Data common stock they own.

In conjunction with the transaction, Interactive Data's common stock will no longer trade on the New York Stock Exchange and will be de-listed accordingly.

Ray D'Arcy, Interactive Data's president and chief executive officer, says: "The completion of this transaction marks an important strategic milestone in Interactive Data's four decades of growth. I would like to thank our board of directors, all of our stockholders including our majority stockholder Pearson plc, customers and talented employees around the world for their support. We look forward to working closely with Silver Lake and Warburg Pincus to implement the strategies that will enable us to continue meeting the current and future needs of our customers, extending our leadership position in the core end-markets we serve and continuing to expand our business globally."

Silver Lake makes private investments in technology and technology-enabled industries. The firm has over 90 investment professionals located in New York, Menlo Park, San Francisco, London, Hong Kong and Tokyo.

Warburg Pincus is a private equity firm with more than USD30bn in assets under management.

Further reading



Upcoming events

17 hours 59 min from now - Miami
17 hours 59 min from now - Dubai
17 hours 59 min from now - San Francisco
1 day 17 hours from now - Toronto
1 day 17 hours from now - New York

Upcoming training

Mon, 29/09/2014 (All day) - London
Thu, 02/10/2014 (All day) - London