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.
Cappitech - A Year In Review Date
17/12/2020
In a challenging year in which firms and the market were in a unique situation, Cappitech is proud to have continued to service clients, strongly grow its business and develop new products and services. Following the departure of CME from the regulatory reporting space we stepped up for new and existing customers, including being the first to begin the process of porting historical data to new trade repositories. Today we work with over 200 clients.
Ronen Kertis, CEO and Founder says, “Financial institutions are very focused on how to increase efficiencies, particularly via increased automation, which came up repeatedly when talking with new clients in 2020. Increasingly, all firms understand that regulatory reporting is a key requirement but not a business differentiator and as such they want cost effective, resource-lite solutions. In many cases the best option is a vendor like Cappitech which can provide a full service, via a
Cappitech appoints Sales Manager for Switzerland, France, Luxembourg and Belgium
Submitted
03/12/2020 - 9:13am
Cappitech, a provider of regulatory reporting, best execution analysis and business intelligence solutions for the financial services industry, has appointed Fabrice Bensimon as Sales Manager for Switzerland, France, Luxembourg and Belgium.
Cappitech has seen its customer base double over the last 12 months and this newly created role will allow it to provide a direct and tailored service to firms in these countries. As a tech-led company, Cappitech is well positioned for further accelerated growth as its robust technology is highly scalable and can easily adapt for increased client numbers.