IHS Markit buys Israeli software co Cappitech
The Herzliya-based company has developed technology for regulatory reporting of capital market financing deals.
International data provider IHS Markit (NYSE:INFO) announced today that it has acquired Israeli software company Cappitech. The Herzliya based company provides technology for regulatory reports to global financial institutions. No financial details about the deal were disclosed.
Cappitech was founded on the base of the development center of ITG, a global supplier of financial trading and technological services, which operated in Israel. Cappitech s founder and CEO Ronen Kertis, who formally managed ITG s Development Center in Israel, founded the company after ITG closed down its Israel operations. Most of Cappitech s 41 employees formerly worked for ITG and will now join IHS Markit.