Deutsche Börse Market Data + Services has acquired Impendium Systems, a London-based firm that deploys cloud-based software solutions to help customers’ achieve regulatory compliance in Europe, North America and Asia-Pacific.
The acquisition was completed on 10 January 2014 for an amount in the single digit million euro range.
The deal represents an important step in Deutsche Börse’s growth strategy of integrating technology and data offerings to better serve client needs.
“The integration of market data and technology services has enabled us to further enrich our global data sets as well as utilize existing capacity to tap into specialized markets and growth areas,” says Hauke Stars, chief information officer and executive board member responsible for the Information Technology and Market Data + Services division of Deutsche Börse. “The acquisition of Impendium is an important step towards this goal as the firm’s focus on high-performance solutions for global regulatory compliance is a strong strategic fit. As our customers continue to navigate complex regulatory landscapes around the world, we plan to expand our offerings in this area.”
Elements, a private cloud platform operated by Impendium, allows customers to be compliant with multiple regulations throughout the world using a single solution. Unlike traditional approaches and vendors, Elements incorporates the technical elements of common global regulations onto the platform, making compliance easier and faster to achieve. Elements is a fully hosted and managed solution that can be customised to fit a client’s particular regulatory reporting obligations without impacting existing trading infrastructure.
Deutsche Börse is currently integrating the Elements platform into its existing data offerings and will introduce it to clients who require EMIR support. The platform will manage the complete lifecycle of EMIR trade reporting from consumption of trade data through to reporting to the trade repositories.
Apart from EMIR, Impendium’s coverage will continuously be expanded to include additional key regulations in Europe and Asia-Pacific.