Olivetree Group, owner of agency broker Olivetree Financial, is demerging its technology and data analytics business from OTAS Technologies, it has announced.
OTAS was established in 2012 to provide institutional investors with analytics technology to support investment and trading decisions.
The demerger, which has now received approval from the Financial Conduct Authority and Olivetree’s board of directors, will enable OTAS to differentiate its services and achieve its growth targets.
Daryn Kutner, Olivetree Group CEO and Founder, said: “The goal is to ensure that both Olivetree Financial and OTAS Technologies are able to continue delivering differentiated, reliable, and unique services to their respective clients.
“We believe this decision will benefit both businesses and allow each to build upon their strong growth trajectories. We are excited to be moving into a new chapter and look forward to supporting our clients for years to come.”
OTAS has recently launched an API and visualization toolkit, OTAS Base, and is has further planned investments to expand it technology offering.
Olivetree has focused on expanding globally, through adding to its European and US business and moving into Asia with the recent opening an office in Australia.