TRG Screen, a provider of software for managing enterprise subscription spending and usage, has successfully acquired Xpansion, a cloud-based solutions provider specializing in reference data usage monitoring within the financial services sector. The specific financial terms of the transaction were not disclosed. This strategic move is aimed at enhancing TRG Screen’s position in the market data management solutions sector.

Xpansion, founded in 2013, is known for its cloud-based solutions that assist data operations teams in proactively managing their usage, controlling costs, and optimizing data workflows. The company offers products like Xprocess, Xmon, and Xplore, providing real-time analytics to clients for unprecedented transparency, visibility, and control over their reference data usage.

According to Amjad Zoghbi, co-founder and CEO of Xpansion, reference data usage stands out as one of the most complex aspects of market data management. Proper management is crucial for maintaining contractual compliance and ensuring clients optimize their usage based on actual consumption and business needs.

TRG Screen sees this acquisition as a step to solidify its unique position as the sole provider of enterprise subscription management capabilities. The company’s offerings span the entire spectrum of market data optimization, encompassing spend and inventory tracking, usage and inquiry management, exchange reporting, and compliance.

Headquartered in the United States, TRG Screen specializes in monitoring both spending and usage of data and information services, including software licenses, market data, research, consulting, and other corporate expenses. Leigh Walters, CEO of TRG Screen, emphasized the strong partnership and shared vision between Xpansion and TRG Screen, making the acquisition a logical next step for both companies. Walters highlighted Xpansion’s established reputation for customer satisfaction, retention, and experienced leadership in the industry.