February 19, 2015
Acquisition brings together some of the best FIX technology and talent in the financial industry.
- CameronTec and Lasalletech close definitive asset purchase agreement
- Highly complementary to CameronTec’s existing business; expands capabilities and adds valuable operational solutions, engineering and services
- Creates the most comprehensive connectivity technology and services platform that delivers automation for the entire electronic trading life cycle
London & Stockholm, Thursday 19 February 2015: CameronTec Group, the global standard in financial messaging infrastructure and tools for the Capital Markets industry, today announced it has closed a definitive asset purchase agreement for Lasalletech, the US-based financial protocol operational solutions and professional services firm co-founded by current Senior Partner, Jim Northey.
Since 2006 Lasalletech has specialized in the provision of products and services for messaging and transaction processing to improve the quality of financial services in terms of efficiency, reliability and performance. Its wide range of products includes FIX Conductor and FIX Technician CTS, the industry leaders for fully automated onboarding, certification, and regression testing.
CameronTec Group CEO Anders Henriksson says the addition of Lasalletech is welcome news for the Group and the global electronic trading community: “Today’s announcement is a natural and strategic progression resulting from several years of operational collaboration with Lasalletech. We are very pleased to be working with Jim Northey and his team. Lasalletech’s exceptional FIX operational technologies and services coupled with CameronTec’s leading financial messaging infrastructure and tools, creates a truly compelling offering for the global financial industry.”
Co-Founder and Senior Partner at Lasalletech, Jim Northey is one of the industry’s key contributors and experts when it comes to international open standards. In addition to Lasalletech, Jim is Global Technical Committee Co-Chair of the FIX Trading Community and, until 2014, was a Member of the US Treasury’s Financial Research Advisory Committee.
For existing FIX customers as well as the broader financial services community, this collaboration is a particularly positive development as it delivers extended value from integrated products and signals a sharper customer focus, stronger development investment and even more powerful deployments.
“This is a significant milestone and welcome development for Lasalletech,” says Jim Northey. “In CameronTec we have found a collaboration that is thoroughly aligned and shares our goal to improve the efficiency of the global electronic trading network through innovative software and exemplary services. I believe today’s news will be of great interest and benefit to members of the broader financial community as they look to transform their business.”
At the core of CameronTec technology is a unique understanding of the FIX world that comes from a concentration of the world’s largest FIX deployments. With a host of industry-firsts, our superior solutions provide unprecedented levels of performance and flexibility, enabling firms to sustainably differentiate in today’s markets.
CameronTec’s solutions are tested and trusted by the world’s best firms in over 50 countries, on all five continents, that represent the broadest cross section of tier 1 and 2 investment banks, brokers, fund managers, exchanges, regulators, and the ISV community. Our products and services are exceptionally supported by regionally focused teams in Chicago, New York, London, Stockholm, Paris, Frankfurt, Hong Kong, Sydney and Mumbai.
CameronTec Group with Lasalletech will be exhibiting at the upcoming EMEA Trading Conference in London on March 10th.
For More Information contact:
Chief Marketing Officer, CameronTec Group
+44 (0)7748 633445
CEO, CameronTec Group
About CameronTec Group
CameronTec Group is the global standard in financial messaging infrastructure and tools for the Capital Markets industry that today powers the largest user base among financial institutions. Uniquely positioned as a software and service provider for enterprise, hosted and managed platforms, our dedicated professional services team ensures optimal integration and deployment performance. CameronTec’s flagship offering Catalys is underpinned by market-leading connectivity technology and engineered on the widely acknowledged standard in FIX engines, CameronFIX. Catalys Market Access offers FIX-powered gateways to more than 60 equity, derivative and FX markets across the globe, as a locally deployed or managed / hosted service. Complementary FIX integration, testing and management solutions that include VeriFIX build out a complete offering to provide end-to-end global connectivity solutions for any electronic trading environment, using or migrating to FIX and proprietary protocols. CameronTec’s solutions are tested and trusted by the world’s best firms in over 50 countries, on all five continents, representing the broadest cross section of tier 1 and 2 investment banks, brokers, fund managers, exchanges, regulators, and members of the ISV community.
CameronTec is owned by Nordic Capital Fund VII.
Lasalletech is dedicated to improving the efficiency of the global electronic trading network,by applying continuous improvement to all of our products, services, and processes. Our products and services are the foundation of a relationship where we are continually improving our client’s processes. We believe the innovative company competes with itself in order to push the boundary of what is possible.