Institutional Shareholder Services Inc. (ISS), which is majority owned by Deutsche Börse Group, today announced the completion of its acquisition of Discovery Data Holdings, Inc., the holding company which owns Discovery Data, Inc.
Based in New Jersey, Discovery Data’s platform empowers a growing set of more than 1,000 clients, including a wide range of asset and wealth management, insurance, financial technology, and other industry service providers to understand their target markets and to identify, assess, and seize new opportunities.
Earlier this year, the firm announced a series of new capabilities, including diversity and inclusion data, behavioral intent models, MarketSage, an interactive data visualization platform, expanded API options, and partnerships with leading cloud data providers – all of which serves to differentiate Discovery Data’s breadth of intelligence solutions.
Discovery Data will become part of ISS’ Market Intelligence (ISS MI) business unit and continue to focus on the expansion of its product suite and client engagement. ISS MI provides critical data, insight, and workflow solutions to global asset managers, insurance companies and distributors.
Ben Doob, Head of ISS MI, comments:
“The response to this acquisition, from our respective organizations’ clients, stakeholders across the industry, and our own highly talented teams, has been extremely positive. With the acquisition complete, we are excited to now welcome the Discovery Data team and client base to ISS MI, and collectively we will be focused in the new year on accelerating the delivery of increasingly powerful products, services, and support.”
Kramer Levin Naftalis & Frankel LLP acted as legal advisor to ISS on the transaction.