- Acquisition and Purpose: MDXT has acquired UK-based data management start-up Schematiq to integrate its technology into a new platform for financial services data and model distribution.
- Platform Capabilities: Schematiq’s platform, founded by former Credit Suisse VP Darren Harris in 2008, enables organisations to govern, control, test, and share Excel models via APIs and code conversions.
- Enhanced Offerings: MDXT plans to combine Schematiq’s capabilities with its real-time data distribution and connectivity solutions for top-tier banks, brokers, and firms globally.
- New CPO Appointment: Darren Harris has been appointed as MDXT’s chief product officer to lead product development and improve customer satisfaction.
- Previous Acquisition: MDXT acquired Iceflow Technology in 2022, appointing Markit EDM solution architect Graham Denyer as chief technology officer.
