British financial information services firm Markit acquires London-based DealHub

Markit, the UK-born and publicly-listed global fintech company, has acquired DealHub, a 30-year old provider of trading and business intelligence solutions with offices in London, New York and Singapore.

DealHub’s customers include global and regional banks, interdealer brokers, FX electronic trading venues and asset managers. The company has approximately 55 people based primarily in London.

Terms of the acquisition were not disclosed. Markit also recently announced its acquisition of NYC-based CoreOne Technologies to spur growth and diversify its product suite.

The DealHub acquisition is expected to close in the third quarter of 2015. The transaction will be funded by a combination of cash and Markit’s revolving credit facility.

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