Itivti Merges with Ullink

Itivti Merges with Ullink
28.11.2017 10:05 am

Itivti Merges with Ullink

M&A Deals

Itiviti, backed by Nordic Capital Fund VII, today announces the intention to combine with ULLINK to build a full service technology and infrastructure provider for global and regional financial institutions. 

The proposed combination of Swedish based Itiviti, a global leader in trading software for banks and trading firms, offering the full spectrum of sell-side capabilities and ULLINK, a best in class platform for cash equity and derivatives trading solutions, is intended to create a world-leader in capital markets technology with revenues of over $200 million, 1,000 employees and a local market presence in all major markets of Europe, Asia and the Americas. Due to its scale and diversification, the new company will be a full service provider for global and regional financial institutions. The combined product portfolio would support the complete order cycle across all asset classes, and therefore the new company would be a powerful partner to existing and new customers within the finance industry.

The proposed combination would provide for a merger of two equals, both with market leading technology. Through scale and diversification, the combined entity would be ideally positioned to take advantage of shifting trends in the financial services industry, including new regulatory requirements such as MiFiD II, which are forcing financial institutions to revise their technological strategies in order to meet new compliance rules. The combined product portfolio will support the complete order cycle across all asset classes and therefore the combined company will be a powerful partner to existing and new customers within the finance industry.

Torben Munch, CEO of Itiviti comments: “The proposed combination will offer our customers the industry’s broadest range of products based on modern, flexible technology. The global reach of the combined entity will be unique and both ULLINK and Itiviti share the ambition to meet our customers’ demand for solutions that cover all asset classes and the full value chain. In a world with increasing regulatory pressure and changing market structures the combined entity would become the reliable and long-term partner our clients can depend on. We are also looking at bringing together a pool of talented people across the world with in-depth industry experience and technological expertise. The companies complement each other in many ways and the focus will be on growth and expansion. It is our goal to make the combined company the undisputed technological leader in our industry.”

Didier Bouillard, CEO of ULLINK comments: “The proposed combination of ULLINK and Itiviti would create a world-leader in Capital Markets technologies and services. Itiviti provides leading solutions in connectivity, market making and trading, with considerable expertise in the derivatives space. ULLINK’s core competence in High Touch and Low Touch OMS and our world-leading NYFIX network complement Itiviti’s solutions, and our capabilities in connectivity would create a global powerhouse unrivalled in the industry."

Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds says: “Nordic Capital started this journey in 2012 seeing large opportunities in transforming the financial sector and creating a world-leading provider of complete trading technology solutions for the global capital markets. Itiviti was formed of Orc Group, CameronTec and Tbricks, and we are now reaching a new milestone by looking at creating one of the largest global players in the combination of two strong companies, Itiviti and ULLINK. Nordic Capital sees great value potential in creating this game-changer in the financial industry.”

The transaction is subject to consultation of the French works council and customary antitrust and regulatory approvals.

Related News

Tieto Strengthens Cybersecurity Capabilities, Acquires Swedish NSEC AB

The Nordic IT services and software company Tieto today announced it has signed an agreement to acquire NSEC AB, a Swedish security services company employing about 30... Read more »

FundedByMe Acquires Laika Consulting

FundedByMe today announced that they acquire 100% of the shares in the established financial company Laika Consulting AB, a leading communications agency in financial... Read more »

IHS Markit Acquires DeriveXperts

IHS Markit (Nasdaq: INFO), a world leader in information, analytics and solutions, today announced it acquired DeriveXperts, a provider of valuation services for OTC... Read more »

Exela Technologies Acquires Asterion International to Expand in Europe

Exela Technologies, Inc., one of the largest global providers of platforms for business process automation ("BPA"), announced today that it had completed the acquisition of... Read more »

IRIS Software Group acquires Contact Group

IRIS Software Group, the UK’s business critical software provider is today announcing the acquisition of Contact Group, a leading provider of parental engagement and truancy... Read more »

Solactive AG Acquires FinTech Primervoto GmbH in Berlin

Solactive is excited to announce that it has completed the acquisition of Primervoto, its long- standing technology partner. The transaction was closed on the 29th of March... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App