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OTC Markets Group Enhances Market Data Services with Acquisition of Qaravan
Monday 11 February 2019

11 February 2019 - New York, US-based OTC Markets Group Inc. (OTCQX: OTCM) has acquired Maryland, US-based finance-focussed software and risk and performancy analytics provider Qaravan Inc., the company said.
Terms of the transaction were not disclosed.
Pursuant to the acquisition, OTC Markets Group will integrate Qaravan's core assets, which include proprietary technology solutions and buy-side analytics tools.
Through Qaravan's intuitive online software and integrated Microsoft Excel tools, customers can access interactive versions of FDIC reports and analyse associated regulatory data to perform peer comparisons and prepare regulatory exam materials and investor/board communications.
OTC Markets Group's Market Data provides mission-critical quote and trade data, as well as company and security information on OTCQX, OTCQB and Pink securities to the trading, investment, legal and regulatory communities.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for 10,000 US and global securities.
Through OTC Link ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.
Qaravan is part of OTC Market Group's comprehensive Market Data offerings specifically designed to provide intuitive risk and performance analytics tailored to banking and finance industry professionals. Qaravan's web-based applications provide bank executives, regulators, and analysts with a seamless approach to peer monitoring and competitor benchmarking.
OTC Markets Group was advised on this transaction by Sandler O'Neill + Partners, L.P.
Date Published: 11/02/2019
Target: Qaravan Inc
Country: USA
Sector: Computer Software
Type: Corporate acquisition
Status: Closed
Buyer: OTC Markets Group Inc
Buyer Advisor: Sandler O´Neill + Partners
Terms of the deal were not disclosed