Acquisition of Trading Technologies by 7RIDGE now complete

Keith Todd will assume the role of CEO to drive the firm's next phase of growth.

Growth equity firm 7RIDGE, has completed its acquisition of derivatives trading software and SaaS provider Trading Technologies International. The acquisition by 7RIDGE was first announced on October 31, and took just under two months to complete, on 21 December.

With 7RIDGE as its new owners, Keith Todd will assume the role of CEO, replacing Tim Geannopulos, former CEO and chairman of the board of Trading Technologies International, who will remain actively engaged with the company.

Todd has more than 20 years of industry leadership in financial markets technology with FFastFill, ION and currently KRM22. At the time the acquisition by 7RIDGE was announced, Todd said the firm had an aggressive roadmap for product and market expansion.

“I have long been a firm believer in the power of SaaS to deliver to clients better technology, greater cost savings and more efficient use of resources. I’m excited by this opportunity to lead TT into its next transformational phase with its outstanding new SaaS platform and the infusion of growth capital from 7RIDGE.”

7RIDGE, is a specialised growth equity firm that invests in transformative technologies. Its investment will fuel Trading Technologies’ organic growth and enable the firm to make targeted strategic acquisitions in the future.