Refinitiv Holdings Buys Scivantage
March 02 2020 - 2:11PM
Dow Jones News
By Josh Beckerman
Financial-information provider Refinitiv Holdings Ltd. has
purchased financial technology company Scivantage, home to
Wealthsqope wealth-management technology and the Maxit cost basis
platform.
Refinitiv said the deal strengthens its relationship with
broker-dealers, prime brokerage, clearing firms and bank-brokerage
firms. A Refinitiv press release didn't include the deal price.
In 2010, Scivantage reported a $22 million investment from Brown
Brothers Harriman Capital Partners. In 2014 it disclosed $20
million of debt and equity financing.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 02, 2020 13:56 ET (18:56 GMT)
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