A company called Markit, who specialise in market data, competing with the likes of Reuters, Bloomberg, ICAP and SuperDerivatives, has purchased a company called Quic, who are a rival of Razor. Quic were a venture funded startup who have been providing a credit risk engine like Razor. The two companies compete on various opportunities as banks procure new risk systems. Markit are a private company most recently valued at around $5B, so pretty big, and a serious player in the industry. They are 80% owned by global banks and the other 20% is held by three founders.
I'd be interested if anyone knows how much Markit paid for Quic and what kind of revenue Quic has. This might tell us something about what Razor could be worth to one of Markit's rivals.
RZR Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held
