Trading software providers Itiviti and ULLINK have completed the ‘union of equals’ between the two firms first announced in November last year.
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. The company will provide a range of solutions and services across asset classes and trading applications, with a focus on growth and expansion.
Torben Munch, former head of Itiviti, has been appointed chief executive officer of the newly-created entity and said the company will ultimately be judged on it’s delivery capabilities.
“Our products, solutions and the services we provide must validate that we are growing into an even more capable supplier and partner; one that can best satisfy the needs of the customers’ business, enabling their strategic initiatives as well as providing unfaltering daily support to sell-side and buy-side financial institutions,” Munch said.
“Knowing the eminent qualities of ULLINK and Itiviti, I have every reason to believe we are bound for success in this pursuit.”
Current ULLINK chief executive, Didier Bouillard, has left the company.