“State Street Intensifies Its Shift Into Data,” The Wall Street Journal, July 21, 2018 B12. Firm, formerly focused on holding securities belonging to others and doing some associated accounting services, buys Charles River Systems, which performs a whole host of financial data services with its software.
What happens when you acquire a business that you are only basically familiar with? This isn’t a vertical or horizontal acquisition. What controls do you put in place? Does it matter that the new business is almost 100% information-related? What does your risk assessment look like?
This is one to watch.