ROCKVILLE CENTRE, NY, Sept. 29, 2022 (GLOBE NEWSWIRE) — SOLVE Advisors, Inc., a market data platform provider for fixed income securities, today announced the acquisition of Lumesis. The Lumesis DIVER product suite is a leading municipal bond solution enabling clients to monitor the primary and secondary municipal bond markets, support the new issue pricing process, and meet regulatory requirements for “due diligence” and time to retail for new issues. DIVER will be integrated with SOLVE’s market data platform, broadening its reach to all key asset classes – corporate credit, securitized products and municipalities. This follows SOLVE’s acquisitions of Advantage Data and Best Credit Data earlier this year.
Today, industry-leading companies trust SOLVE to reduce the risk of having incomplete or outdated pricing data and save hundreds of hours of pre-trade and post-trade research and validation. SOLVE will integrate Lumesis’ products, operations and teams into its existing organization. The DIVER suite of products, when integrated, will enhance SOLVE’s market data platform with additional workflow for municipal asset classes, analytics related to price transparency and solutions related to regulation .
“We are delighted to welcome the Lumesis team to the SOLVE family. By adding the best-in-class Lumesis DIVER product suite to the SOLVE platform, our clients will now have access to unparalleled municipal bond data and analysis,” said Eugene Grinberg, CEO of SOLVE. “This is another important step for SOLVE as we continue to scale the business.”
Lumesis co-founders, Gregg Bienstock and Tim Stevens, and Lumesis employees will join the SOLVE team. “We are delighted to join SOLVE and look forward to leveraging our collective expertise in the multi-asset class fixed income market to expand the reach of DIVER within the SOLVE market data platform,” said Gregg Bienstock. “The complementary nature of our data, analytics and market presence makes this an exciting opportunity to leverage our respective strengths to deliver time-sensitive solutions for fixed income markets,” said Tim Stevens.
About SOLVE Advisors, Inc.
SOLVE is a leading provider of fixed income market data platforms. Industry-leading companies trust the SOLVE market data platform, powered by Deep Market Insight™, to reduce securities investment risk and save hundreds of hours of pre- and post-trade research and validation . Founded in 2011, SOLVE has developed the largest real-time auction, bid and market color datasets for structured products, corporate bonds, syndicated bank loans, convertible bonds, CDS and municipal bonds. With locations in the US, UK, India, Caribbean and APAC, SOLVE is the leading market pricing provider in the fixed income markets. The SOLVE market data platform aggregates real-time bids, offers, BWIC price talks and hedges, and other market data, helping to provide price transparency and liquidity monitoring unmatched. Powerful workflow tools take the hassle out of the BWIC process, consolidate dealer inventories and two-way markets, and streamline month-end for the back office. The SOLVE team, led by co-founders Eugene Grinberg and Gerard Nealon, has extensive expertise and a passion for financial markets and the development of innovative technologies. For more information on SOLVE, visit www.solveadvisors.com
About Lumesis Inc.
Lumesis provides software and data solutions for the US municipal market. Founded in 2010, the DIVER platform serves voters in the municipal market with business and regulatory solutions. The DIVER platform serves thousands of users across its diverse customer base of banks, brokers, city councilors, investment advisers, institutional investors and issuers.
Media Contact: Tony Keller, [email protected]