Financial information services provider Fitch Group is to acquire a majority stake in data and analytics firm dv01 for an undisclosed sum.
Founded in 2014 to provide loan-level data and integrated analytics via its cloud-based platform, dv01 helps to maintain data integrity, simplify reporting workflows and produce market research across various asset classes.
Headquartered in London and New York, Fitch Group is comprised of Fitch Ratings, a provider of credit ratings and research, and Fitch Solutions, of which dv01 will become a subsidiary. The acquisition is expected to close by the end of Q3.
Fitch Solutions president Ted Niedermayer says: “The acquisition underscores Fitch Solutions’ commitment to empowering our clients with critical insights and intelligence to identify opportunities and manage risks.”
dv01 CEO Perry Rahbar says Fitch’s resources will “strengthen our position as a leading data intelligence company in structured finance”, allowing the firm to develop new products and expand into new markets.
The transaction is the latest in a series of acquisitions by Fitch Group as it expands its offerings. Previous acquisitions include Fulcrum Financial Data in 2018, CreditSights in 2021 and GeoQuant earlier this year.