The strategic acquisition aligns with GlobalData’s growth strategy and is expected to enhance its offerings in the financial services market. Celent provides valuable insights into technology trends and best practices, enabling financial institutions to make informed decisions and drive innovation.
The acquisition of Celent will strengthen GlobalData’s position as a leading provider of data, analytics, and insights across various industries.
The acquisition is expected to be completed on December 31, 2024, and will be funded from the Group’s existing cash resources.
Juan Mazzini, Director of Insurance Practice for APAC, EMEA, & LATAM at Celent announced the news on social media, saying: “This is a significant milestone for us, bringing together two organisations with a shared commitment to delivering exceptional insights and services to our clients. We believe this new partnership will create a powerful combined offering that enhances the value we provide.”
Mike Danson, CEO of GlobalData PLC, commented: “The acquisition of Celent represents a further complimentary acquisition, which is aligned closely to our bolt-on philosophy. I would like to take this opportunity to welcome our new group of highly talented colleagues and their valued customers to the Group and wish them every success for the future with GlobalData.”
Source: GlobalData