/PRNewswire/ U.S.-based Lonestar Data Holdings, Inc. today announced it is scaling its enterprise DRaaS and BaaS division by naming industry IT veteran Will.
London Stock Exchange Group (LSEG) To Acquire MayStreet crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
<p><span>London Stock Exchange Group (LSEG) today announces that it has signed an agreement to acquire MayStreet, a leading market data solutions provider.</span></p>
<p><em>This release contains revenues, cost of sales and key performance indicators (KPIs) for the three months ended 31 March 2022 (Q1). All figures quoted in this release are on an underlying basis. Q1 2022 is compared against Q1 2021 on both a statutory and pro-forma basis. Pro-forma figures assume that the acquisition of Refinitiv took place on 1 January 2021. </em><i>Revenues and cost of sales associated with the BETA+ divestment have been classed as discontinued and are excluded from all periods. Revenues and cost of sales associated with the Borsa Italiana Group divestment, which completed in H1 2021, are also excluded. </i><em>Constant currency variance is calculated on the basis of consistent FX rates applied across the current and prior year period. For more information on accounting treatments and approach to FX please refer to the “Accounting and modelling notes” section below.</em></p>
<p><strong>David Schwimmer, CEO said:</strong><br /><strong>“The Group has delivered a strong Q3 financial performance with revenue growth across all divisions.</strong></p>
<p><strong>“We are making excellent progress on the integration of Refinitiv and are comfortably on-track to achieve £125 million of cost synergies in 2021, ahead of our original phasing. We continue to execute across a number of workstreams to deliver the target revenue synergies. The Group is well placed as we make targeted investments in product and technology enhancements to help us meet the needs of our customers and capitalise on the growth trends driving change across our industry.”</strong></p>