London and New York - Markit, the provider of financial information services, has agreed to acquire Prism Valuation a provider of independent valuation and risk analysis of derivatives and structured products.
The acquisition will enable Markit to offer customers enhanced coverage of complex OTC derivatives and structured OTC products. It will also expand Markit's customer base among regional banks and structured product issuers.
The acquisition is expected to close in the coming weeks. Financial terms were not disclosed.