TECHNOLOGY

Itiviti and ULLINK announce tie-up to form $200m tech powerhouse

Combined entity will create a firm with $200 million in revenues and 1,000 employees globally.

By Hayley McDowell hayley.mcdowell@strategic-i.com November 28, 2017 1:00 PM GMT

Trading software providers Itiviti and ULLINK have confirmed plans to merge as they look to form a global capital markets technology powerhouse.

The combined entity will create a firm with more than $200 million in revenues, 1,000 employees and a local market presence in all major markets in Europe, Asia and the Americas.

Both firms said the combined product portfolio would also support the complete order cycle across all assets, making it a “powerful partner” for its existing and new client base.

Torben Munch, CEO of Itiviti, explained the merger would look to bring together a pool of talented people with in-depth industry experience and technological expertise.

“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.

“It is our goal to make the combined company the undisputed technological leader in our industry,” Munch said.

Didier Bouillard, CEO of ULLINK, commented the firm’s high and low touch order management systems alongside its NYFIX network will complement Itiviti’s services.

“The proposed combination of ULLINK and Itiviti would create a world-leader in capital markets technologies and services,” he added.

The merger is subject to consultation of the French works council and antitrust and regulatory approval.