Deal Merges Financial Market and Client Data Firms

Fincentric, a digital experience and financial data firm formerly known as Markit On Demand and part of S&P Global, is to be acquired by private equity firm Stellex Capital and combined with Los Angeles, CA-based wealth and asset management services firm Communify.

Communify is part of Just Build It (JBI), which designs digital and data solutions for many of the largest firms in the financial services sector.

The resulting new firm, Communify Fincentric, will bring together Fincentric's market data and Communify's client data to deliver 'unique, high quality digital experiences for the financial industry'. The firm will offer a library of financial apps, tapping a Knowledge Base of 4000+ unique data feeds and more than 500 million page views per day.

John Wise (pictured), who will serve as Chairman and CEO of Communify Fincentric, comments: 'Unifying Fincentric's market data capabilities with Communify's expertise in client data creates a strong digital partner for the financial markets. Our shared client-centric, design-centric mindset will be pivotal as we look to grow Communify Fincentric domestically and worldwide'.

The amount of the deal was not disclosed. Web sites are at www.communify.com and www.stellexcapital.com .