Refinitiv's Acquisition of Giact Systems

Refinitiv's Acquisition of Giact Systems

11/5/2020

Refinitiv's Acquisition of Giact Systems

Simpson Thacher represented Refinitiv in the transaction.

Refinitiv executed its acquisition of Giact Systems, LLC (“Giact”). The transaction is subject to customary closing conditions and is expected to close before the end of 2020.

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries.

Giact, headquartered in Allen, Texas, is a leader in fraud prevention in the United States and has nearly 1,000 customers for whom it provides a range of services in payment and identity verification and authentication.

The Simpson Thacher team advising Refinitiv included Elizabeth Cooper (Picture), William Allen and Jiarui Li (M&A); Andrew Purcell, Sophie Staples and Morgan Otway (Tax); Gregory Grogan, Caitlin Fitzgerald and Alan Fenyes (Executive Compensation and Employee Benefits); Lori Lesser, Alysha Sekhon and Kate Mirino (IP); Brian Gluck and Adam Moss (Credit); and Steven DeLott (Insurance).