TRG Screen, the leading provider of enterprise subscription spend and usage management software, announced it has acquired Xpansion, the leading provider of cloud-based solutions for reference data usage monitoring in the financial services industry. The acquisition of Xpansion will further solidify TRG Screen’s position as a global market leader in market data management solutions.
Xpansion – established in 2013 – is focused on empowering data operations teams to proactively manage their usage, control costs and optimize data workflows. Xpansion’s offerings include Xmon, Xprocess and Xplore, and provide real-time analytics, giving clients unprecedented transparency, visibility and control into their reference data usage.
This deal consolidates TRG Screen’s unique position as the only provider of enterprise subscription management capabilities spanning the whole spectrum of market data optimization, from spend and inventory tracking, through to usage and enquiry management, exchange reporting and compliance.
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“Xpansion and TRG Screen have been partners for many years. Bringing Xpansion into the TRG Screen family is a very logical next step for both companies, given our strong relationship and shared view that the industry demand for integrated usage management solutions is going to continue to grow,” said TRG Screen CEO Leigh Walters. “Xpansion is an established firm with excellent customer satisfaction and retention, and highly experienced and industry respected leadership. We are very excited at the opportunities this acquisition brings.”
“We are thrilled to be joining TRG Screen,” said Xpansion co-founder and CEO Amjad Zoghbi. “Reference data usage is one of the most complex aspects of market data management, and managing it correctly is essential to maintaining contractual compliance and ensuring clients are right-sizing their usage based on actual consumption and business need. I’m very pleased that Xpansion’s customers, and team, will now be part of the best-of-breed solution with the industry’s leading provider of market data management solutions.”
SOURCE: PRNewswire