Vertical Management Systems (VMS), a NewSpring Holdings, LLC platform company, today announced an alliance with IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions. VMS is one of the nation’s leading providers of data, financial networking, and account aggregation technology. VMS will integrate IHS Markit’s daily evaluated pricing and reference data on over 2.5 million bonds into its VMS Data solution, servicing the global wealth management industry.

“Our collaboration with IHS Markit fully rounds out our scope of data coverage, which will enable us to fundamentally transform the delivery of pricing and reference data from a high-cost/low-value 'commodity' dominated by large players, to the actionable intelligence that is required in today’s 'reg-tech' operating environment,” said Kevin Rafferty, President and CEO of VMS. “VMS and IHS Markit are well-aligned in our dual commitment to providing a high-value solution with world-class service to the wealth management space. Together, we offer lower-cost, superior data in flexible formats designed to improve our clients’ ability to optimize operational workflow and make well-informed decisions.”

“We are pleased to work with VMS to bring our high-quality fixed income data to a broad set of professionals in wealth management,” said Kiet Tran, head of Fixed Income Pricing and Reference Data at IHS Markit. “The range of data we provide helps investment managers gain a holistic view of risk and opportunity in capital markets.”

While VMS has long set the standard for premium mutual fund data, its partnership with IHS Markit, combined with a partnership bringing best-of-breed equity pricing and corporate action data, provides VMS with a comprehensive data solution for the wealth management space.

IHS Markit’s fixed income pricing service provides independent pricing and liquidity data for fixed income instruments to support risk management, price verification, compliance and trading workflows. The firm’s team of over 100 fixed income expert evaluators aggregates robust transaction data to offer a best in class pricing solution covering over 2.5 million corporate and sovereign bonds, municipal bonds, securitized products, bank loans and CDS.

About Vertical Management Systems, Inc. (VMS)

Vertical Management Systems (VMS) is one of the nation’s leading providers of data, financial networking, and account aggregation technology. For 25 years, VMS has designed, developed and hosted accounting and securities process-and-control solutions as well as provided data for the largest financial institutions in the United States. VMS’ core products include an innovative process-and-control solution, a comprehensive data aggregation tool, and a next-generation retirement platform. VMS is a NewSpring Holdings portfolio company. For more information, please visit www.vmsholdings.com.

About NewSpring Holdings

NewSpring Holdings, LLC, NewSpring Capital’s dedicated buy and build strategy, focuses on control buyouts and platform builds, targeting profitable, growing companies seeking a financial partner to better assist them in achieving their goals. NewSpring Capital, based in Radnor, PA., collectively manages more than $1.5 billion of committed capital supporting more than 120 portfolio companies across its growth equity, control buyout and mezzanine debt strategies. Combining deep operating knowledge with financial and investing expertise, NewSpring Capital provides growing companies the financial resources, advice, network of contacts and strategic partnerships necessary to be successful. For more information, please visit www.newspringcapital.com.

About IHS Markit

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth. For more information, please visit https://ihsmarkit.com.