In 1999, Andrea Pignataro followed in the footsteps of Michael Bloomberg: leaving the cut and thrust of bond trading at Salomon Brothers to build a financial data empire.
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After completing a £1.5bn deal in 2018 for trading software maker Fidessa and the £1.4bn acquisition of a majority stake in financial news company Acuris earlier this year, Ion is now a mini-conglomerate that spans data and trade processing, and includes brands such as Dealogic and Mergermarket. Its combined enterprise value is about £7bn. Revenues last year were about £830m.
Read the whole story here: Ion: The Financial Data Group Taking on Bloomberg
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