TRG Screen acquires Xpansion to enhance market data management solutions

TRG Screen, a leading provider of enterprise subscription spend and usage management software, announced its significant acquisition of Xpansion, a top provider of cloud-based solutions for reference data usage monitoring in the financial services industry. This move further cements TRG Screen’s status as a global market leader in market data management solutions.

Xpansion’s Contributions to Data Operations

Founded in 2013, Xpansion has been dedicated to empowering data operations teams to manage their usage, control costs, and optimize data workflows effectively. Xpansion’s products, including Xmon, Xprocess, and Xplore, provide real-time analytics, offering clients unprecedented transparency, visibility, and control over their reference data usage.

A Unique Position in the Market

With this acquisition, TRG Screen solidifies its unique standing as the only provider with enterprise subscription management capabilities covering the entire spectrum of market data optimization. This includes spend and inventory tracking, usage and enquiry management, exchange reporting, and compliance.

Leadership Insights on the Acquisition

TRG Screen CEO Leigh Walters shared, “Xpansion is an established firm with excellent customer satisfaction and retention, and highly experienced and industry respected leadership. We are very excited at the opportunities this acquisition brings.” Amjad Zoghbi, Xpansion co-founder and CEO, also expressed enthusiasm, highlighting the importance of reference data usage management in market data management.

Future Prospects and Commitment

This acquisition showcases TRG Screen’s ongoing commitment to addressing the needs of market data consumers, vendors, and exchanges. The financial terms of the transaction were not disclosed.

The acquisition of Xpansion by TRG Screen marks a strategic expansion in the market data management sector, consolidating TRG Screen’s unique position as a comprehensive provider in this domain. By integrating Xpansion’s advanced cloud-based solutions for reference data usage monitoring, TRG Screen is set to offer unparalleled services in managing subscription spend and usage. This move signals an adaptive response to the growing industry demand for integrated solutions capable of handling complex data management challenges in the financial services sector.