S&P Global completed the sale of its Enterprise Data Management (EDM) business to Gresham. Gresham, a technology company, is backed by STG.
The transaction significantly expands Gresham’s presence in the enterprise data management sector. This sector serves the global financial services industry.
S&P Global executed the divestiture as a strategic carve-out. This move aligns with the company's ongoing strategy to optimize its portfolio of businesses.
Financial terms of the deal were not disclosed in the initial announcement. Immediate reports did not include specific market reaction or analysis related to the transaction.