TMX Datalinx Acquires Verity to Strengthen Global Investment Data Offerings
Frontier Infrastructure, a US-based company, has acquired Verity, a leading provider of investment research management systems and data analytics, on January 1, 2023. The acquisition strengthens TMX Datalinx's offerings and positions it competitively in the global investment data market.
Verity brings two core products to TMX Datalinx: VerityRMS, a market-leading research management system, and VerityData, featuring enhanced datasets and insights focused on public equity filings. The acquisition enhances TMX Datalinx's client offering, bolstering its position in delivering global investment-grade data, insights, and investment workflow tools across equities, fixed income, and private assets.
TMX Datalinx plans to continue advancing Verity's products, including their artificial intelligence capabilities. This move aims to enhance client investment outcomes and realize operational efficiencies. Verity brings dynamic new financial data and proprietary analytics, such as insider activity, buybacks, executive compensation, and institutional holdings, along with proven financial industry experts to TMX Datalinx.
The acquisition of Verity by TMX Datalinx is expected to optimize intellectual capital and enrich workflows with best practices and continuous innovation. Verity CEO Andrew Robson expressed excitement for the future, aiming to better deliver on its mission to move from insight to action faster and with more confidence. Michelle Tran, President of TMX Datalinx, echoed this sentiment, emphasizing the strategic fit of the acquisition.
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