Codean...will be a welcome addition to the Trepp family as we serve investors who are seeking better tools to measure and monitor risk in an unpredictable, volatile market.
New York, NY (PRWEB) May 16, 2016
Trepp, LLC, a leading provider of information, analytics, and technology to the CMBS, commercial real estate, and banking markets, today announced its acquisition of Codean, a U.K.-based firm delivering data and cash flow analytics for collateralized loan obligations (CLO).
The move unites two industry-leading analytics firms and offers their respective clients broader capabilities to measure and manage risk in the structured finance market. Codean with its US and European CLO deal library, and Trepp with the largest commercially available CMBS database, enable investors to perform deep analysis across two complementary asset classes.
“Codean’s CLO Analytics platform is the result of the same type of rigorous, quality process that Trepp delivers to the CMBS market via its own Analytics product suite,” said Annemarie DiCola, CEO of Trepp. “The Codean product platform will be a welcome addition to the Trepp family as we serve investors who are seeking better tools to measure and monitor risk in an unpredictable, volatile market,” DiCola said.
The Codean solution, which will become part of the Trepp solution suite, is offered as an easy-to-use, web-based, software-as-a-service that can evaluate each tranche, deal or loan. The solution enables analysis of individual deals or whole CLO portfolios including cash flow projections, flexible waterfall modeling, price/yield/discount margin calculations, and optimal call date determinations.
“Since 2008, our firm has been growing with the CLO market and we feel this is an ideal time to join forces with an established industry leader to better serve our clients and expand our reach,” said Peter Jasko, founder and CEO of Codean.
About Trepp, LLC.
Trepp, LLC, founded in 1979, is the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency and investment performance. Trepp serves its clients with products and services to support trading, research, risk management, surveillance and portfolio management. Trepp is wholly owned by DMG Information, a division of the Daily Mail and General Trust (DMGT).