By Dean Seal
S&P Global has agreed to acquire fintech provider Visible Alpha and is exploring strategic opportunities for its Fincentric business.
The credit-ratings and data provider said Tuesday that it will combine Visible Alpha with S&P Capital IQ Pro, its flagship platform for market research and analysis.
Terms of the acquisition, which is expected to close this year, were not disclosed.
The New York-based company also said it is looking at strategic opportunities for Fincentric, the digital solutions provider formerly known as Markit Digital that came on board following S&P Global's merger with IHS Markit.
The moves are part of ongoing portfolio reviews to center S&P Global's focus on core areas of strategic growth, the company said.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
02-20-24 0744ET