(Alliance News) - London Stock Exchange Group PLC on Wednesday said it has agreed to buy New York-based data solutions provider MayStreet Inc.
LSEG noted it already has a commercial partnership with MayStreet, with MayStreet supporting LSEG's real-time data feeds.
MayStreet was founded in 2012 by Chief Executive Patrick Flannery and Chief Technology Officer Michael Lehr.
LESG said that the acquisition will "significantly" enhance its Enterprise Data Solutions business and will help support research and strategy development.
The price of the acquisition wasn't disclosed.
Andrea Remyn Stone, group head of Data & Analytics, commented: "Combining LSEG's strong track record as a leader in Enterprise Data with MayStreet's expertise in providing low-latency data and innovative cloud technology represents an exciting customer proposition. We now have a fantastic opportunity to significantly enhance the breadth of our low latency data offering, ensuring we deliver outstanding high-quality data in a flexible manner across the latency spectrum to our global customer base."
LSEG shares were 0.6% higher at 7,366.00 pence in London on Wednesday morning.
By Sophie Rose; sophierose@alliancenews.com
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London Stock Exchange (LSEG)