Fitch Group is in an agreement to buy a majority stake in dv01, a data and analytics provider, in a deal that will combine dv01's specialty expertise with the resources of Fitch. The smaller company will operate as a division of Fitch Group.
Founded in 2014 as an analytics provider to the structured finance market, dv01 offers loan-level data and fully integrated analytics on its cloud-based platform. Clients leverage that loan-level data for a number of purposes, from market due diligence to securitization and performance analysis. Fitch did not disclose financial terms of the transaction.
Clients make use of dv01's offerings such as Loan Data Agent for Securitizations, Portfolio Surveillance, Market Surveillance, Tape Cracker and Credit Facility Management.
The firm's data has been involved in more than 120 million loans, 900 securitizations, and $5 trillion in original balance across the spectrum of ABS asset-backed securities classes, including mortgage, auto, point of sale and small business.
"We are very pleased to be acquiring dv01, a best-in-class data and analytics provider to the structured finance industry," according to Ted Niedermayer, president of Fitch Solutions. "The acquisition underscores Fitch Solutions' commitment to empowering our clients with critical insights and intelligence to identify opportunities and manage risks."
