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CRISIL to acquire data analytics firm Greenwich

Mumbai: Credit rating firm CRISIL said on Friday that it will acquire Greenwich, a provider of data analytics, for an undisclosed amount.

US-based Greenwich currently provides strategic planning, analyst advisory and marketing solutions, among other things, to over 300 of the top investment banks, corporate banks, commercial banks, asset managers and key players in the market infrastructure space globally.

The acquisition will help CRISIL, an S&P Global Company, expand its offerings to new segments across financial services including commercial banks and asset and wealth managers.

“With this acquisition, CRISIL will strengthen its position as the foremost global benchmarking analytics provider for financial services, where Coalition is a distinguished provider to corporate and investment banks worldwide,” said Ashu Suyash, Managing Director & CEO, CRISIL in a statement.

“Our combined data and analytics will provide clients with high value actionable insights they demand in today’s competitive business environment,” said Steven Busby, CEO, Greenwich, in a statement.

Source: Livemint