ClearPar is a provider of technology and services that delivers primary and secondary commercial loan trade settlement services. Following the acquisition, Markit will integrate ClearPar with parts of its WSO division, a provider of portfolio management software and services for the syndicated loan market. The transaction is expected to close by the end of the fourth quarter of 2009. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2009-10-30 Deal Participants Target (Company) ClearPar Acquirer (Company) Markit Group Limited Vendor (Company) Fidelity National Information Services, Inc. Deal Rationale The acquisition enhances Markit's loan offering and allows it to combine parts of Markit WSO, a platform that is used by the buy-side, with ClearPar, which is widely used by the sell-side. For full details on Fidelity National Information Services Inc (FIS) click here. Fidelity National Information Services Inc (FIS) has Short Term PowerRatings of 5. Details on Fidelity National Information Services Inc (FIS) Short Term PowerRatings is available at This Link.
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