Blackstone has made an undisclosed investment in Market Data Insights LLC. Based in New York City, MDI is a provider of market data management solutions to financial services firms.
NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE:BX) today announced an investment in Market Data Insights LLC (MDI), a services firm that specializes in providing market data management solutions to financial services firms.
MDI’s business model for the delivery of market data management solutions addresses many of the shortcomings of traditional approaches. MDI’s solutions are delivered by people with a deep understanding of market data products and client needs. By requiring short term commitments, MDI simplifies the buying decision and is able to identify savings for many clients that offset the cost of their outsourced service.
William Murphy, Chief Technology Officer at Blackstone, said, “We have worked with Market Data Insights to optimize the managed service model, which allows MDI to deliver the perfect combination of services, in a low-impact, cost-efficient manner for each client. The key to long-term success is creating a one-team culture between MDI and their clients; at Blackstone, MDI is an extension of our team and delivers incredible value. Blackstone’s investment reflects our confidence in MDI as well as our expectation of the company’s continued growth and success.”
Richard Sigillo, Chief Executive Officer of MDI, said, “Blackstone’s investment in Market Data Insights is a validation of the relationship we strive to forge with all of our clients. We listen to what they really need and act on it. Our ability to ‘Right Size’ our service delivery for each client, while leveraging our time-tested and validated core methodologies, enables us to deliver high value solutions. The approach has been well received by the market.”
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with almost $300 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
About Market Data Insights
Market Data Insights is a NYC-based business that was established to deliver expert-based market data management solutions to financial services firms. We deliver structured managed service solutions with no long-term commitment for a fixed monthly fee. MDI is changing the landscape for market data management solutions. We are committed to giving all clients control of their market data expense in the most cost-effective manner, ‘Making the Complex Simple.’ Built upon the Screen INFOmatch platform, MDI’s solution provides a one-stop solution as an alternative to purchasing separate software licenses and staffing separately. MDI was founded in 2014 by Cindy Johnson and Richard Sigillo.
For information visit www.MarketDataInsights.com or write to info@MarketDataInsights.com.