Marketpipe Limited, which operates a new issue network in the fixed income markets and also licenses its products to banks, has been sold to Ipreo LLC.
Marketpipe was formed in 2000 and currently has 19 investment banking clients serviced by 30 employees from its London office.
With the acquisition of Marketpipe, Ipreo reckons it has become the only truly global provider of new-issuance data and technology in the fixed income markets.
Ipreo says the transaction will significantly strengthen and further develop the new issue network that Marketpipe has been spearheading around the standardisation and communication of fixed-income new issuance.
“This is a perfect fit for Marketpipe,” said Jonathan Gittos, Chairman of Marketpipe. “Not only will clients now benefit from the full combined suite of products, but our collective resources and expertise will allow us to bring new products and enhancements to market faster with wider coverage across the globe.”