Bloomberg to acquire Barclays Risk Analytics and Index Solutions unit

By Tanya Meyer

Chicago, Dec. 16 – Bloomberg LP announced it has entered into an agreement to acquire Barclays Risk Analytics and Index Solutions Ltd., which provides benchmark and strategy indexes, portfolio analytics, risk and attribution models and portfolio construction tools.

Barclays’ benchmark indexes, including the Barclays family of aggregate bond indexes, will be integrated into Bloomberg’s analytic dashboards, portfolio analytics, order management systems and execution management systems, according to a news release.

Bloomberg and Barclays will maintain a co-branding arrangement on the benchmark indices for an initial term of five years.

The acquisition also includes intellectual property in Point, Barclays’ portfolio analytics solution, which will be integrated into Brais IP and PORT, Bloomberg’s multi-asset portfolio risk and analytics tool.

Barclays will operate Point for 18 months after completion of the deal to help clients transition to PORT.

The transaction is expected to be completed by mid-2016.

Bloomberg is a New York-based, privately held financial software, data and media company. Barclays is a London-based banking and financial services company.

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