FINSIGHT Acquires T-REX to Drive the Next Generation Cashflow Analytics Solution for the Global Private Credit and Structured Finance Industries
April 24 2024 - 1:10PM
Business Wire
The acquisition expands FINSIGHT’s industry-leading
structured finance transaction services and market data solutions
with T-REX’s innovative collateral and cashflow modeling
engines.
Finsight Group Inc. ("FINSIGHT"), a financial technology company
that serves thousands of the world’s leading corporate issuers,
investment banks and institutional investors, today announced the
acquisition of T-REX, a cloud-native platform engineered to
accurately model and manage the most complex investments across
private credit, structured credit, and project finance. Along with
the acquisition, FINSIGHT is excited to welcome Benjamin Cohen,
T-REX Founder and CEO, Arad Shaiber, CTO, as well as key T-REX
talent across the U.S. and Tel Aviv.
“Over the past decade, our team has been dedicated to solving
the most complex data quality, integration, and modeling challenges
across structured debt,” said Benjamin Cohen. “Today marks an
incredible leap forward in achieving those ends. Having known Leo
and FINSIGHT for much of our journey, the T-REX platform, coupled
with FINSIGHT’s unrivaled market penetration within structured
finance, will enable the industry to deploy capital faster, more
confidently, and with less risk.”
“FINSIGHT is tremendously grateful to Benji and Arad, as well as
the broader T-REX management, employees, and Board of Directors,
for the opportunity to acquire T-REX,” said Leo Efstathiou, CEO of
FINSIGHT. “For years, clients have asked us to deliver a viable and
modern alternative collateral and cashflow engine, and with this
acquisition, we will.”
“We are incredibly excited to share our vision on the
consolidated entity with all of T-REX and FINSIGHT’s partners,”
Efstathiou added. “This acquisition will enable a more dynamic,
more accessible, and more cost effective cashflow modeling solution
than any available in the industry.”
The transaction closed on Tuesday, April 24, 2024.
About FINSIGHT FINSIGHT is a privately held software
provider that serves thousands of the world’s leading institutional
investors, investment banks and corporations. Its applications
streamline workflows that facilitate hundreds of billions of
dollars worth of capital markets activity annually to provide
unparalleled visibility and actionable insights into fixed income
and equity primary capital markets.
About T-REX T-REX has modernized the data infrastructure
for the asset-backed finance ecosystem. Its data management
service, analytics engine, instant reporting, and collaboration
functions deliver unprecedented levels of transparency, efficiency,
and insight across even the most complex asset classes. With T-REX,
stakeholders in structured finance and private credit can
confidently unlock higher-yielding fixed income investments at
scale, expediting capital flows and delivering returns for
investors.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240423704975/en/
Finsight Group Inc. Lindsay Gilder 1 (888) 997-6610
lindsay@finsight.com