Financial data and analytics giant IHS Markit (NYSE:INFO) has announced that it has acquired compliance technology provider Cappitech to expand its suite of global, multi-asset class transaction regulatory reporting offerings to the financial industry.

No financial terms of the transaction were announced.

IHS Markit itself is involved now in a $44 billion merger with S&P Global.

Cappitech, a privately held Israeli company, provides robust regulatory reporting, best execution analysis and business intelligence solutions, allowing customers to efficiently comply with transaction reporting regulations across multiple jurisdictions in one place. The company counts a number of Retail FX brokers among its client base including Axi, eToro, AvaTrade, and Darwinex.

In 2019, IHS Markit selected Cappitech’s platform as a key component of its SFTR (Securities Financing Transactions Regulation) solution, which is now relied upon by some of the largest financial institutions in the world. Capitalizing on the established relationship and existing integration, this latest move will deliver unified solutions to the market and solidify IHS Markit’s continued commitment to providing industry leading regulatory reporting solutions.

Pierre Khemdoudi, Managing Director, Global Equities at IHS Markit said:

“Regulatory reporting demands will continue to grow rapidly around the globe and customers are looking for a reliable, frictionless and cost-effective way to comply with requirements across jurisdictions. Cappitech’s platform complements our existing offering, enabling us to provide the most comprehensive and scalable integrated financial regulatory service to customers.”

Ronen Kertis, CEO & Founder at Cappitech added:

“We are excited to join a company that shares our passion for providing best-of-breed regulatory reporting solutions and looking forward to expanding our existing commitment to the industry. Based on our extensive engagement with IHS Markit over the past two years, we are confident that combining our mutual successes and sector expertise will enable us to accelerate our product enhancement and services for the benefit of our global clients.”