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CameronTec Agrees to Buy Greenline 011013

CameronTec Agrees to Buy Greenline 011013

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Published by tabbforum
CameronTec, the global standard in connectivity technology and trading infrastructure today announced a definitive agreement to acquire US-based Greenline Financial Technologies, a leading provider of FIX and electronic trading technology solutions and services and wholly-owned subsidiary of MarketAxess Holdings Inc. (Nasdaq: MKTX). The transaction is expected to close in the fourth quarter of 2013.
CameronTec, the global standard in connectivity technology and trading infrastructure today announced a definitive agreement to acquire US-based Greenline Financial Technologies, a leading provider of FIX and electronic trading technology solutions and services and wholly-owned subsidiary of MarketAxess Holdings Inc. (Nasdaq: MKTX). The transaction is expected to close in the fourth quarter of 2013.

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Published by: tabbforum on Oct 01, 2013
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12/01/2013

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CameronTec Agrees to Buy Greenline: Combination CreatesIndustry’s Most Powerful Trading and ConnectivityTechnology Offering
 
CameronTec and Greenline sign definitive acquisition agreement
 
Consolidation highly complementary to CameronTec’s existing business
 
Merger extends CameronTec’s capabilities creating the most comprehensive end-to-endtrading technology and services platform
 
FIX users to benefit from combined products and professional services from world leader 
 
MarketAxess to continue as Greenline customer 
FOR IMMEDIATE RELEASE, CHICAGO & LONDON, Tues. 1 October 2013:
CameronTec, theglobal standard in connectivity technology and trading infrastructure today announced a definitiveagreement to acquire US-based Greenline Financial Technologies, a leading provider of FIX andelectronic trading technology solutions and services and wholly-owned subsidiary of MarketAxessHoldings Inc. (Nasdaq: MKTX). The transaction is expected to close in the fourth quarter of 2013.Since 2000, Chicago-based Greenline Financial Technologies has specialized in the high enddevelopment of customized integration, testing and management solutions for Financial InformationExchange ("FIX")-related products and services, designed to provide greater efficiencies for the electronictrading of all asset classes and other exchange-based products. Its suite of industry-leading FIX testingand certification solutions is complemented by its globally renowned professional services business.CameronTec CEO Anders Henriksson says the merger with Greenline creates a clear category leader inthe FIX world and signals a new era: "Today’s announcement is great news for the global electronictrading community. Greenline’s superior FIX operational technology and services coupled withCameronTec’s leading connectivity technology and trading tools creates a compelling end-to-end tradingand services platform for the global financial industry. For existing FIX customers as well as the broader financial services community, this is a particularly positive development as it delivers extended value fromintegrated products and signals a sharper customer focus, stronger development investment and evenmore powerful deployments. Greenline's CEO Josh Tolman will make a welcome addition to our executive management team.”“Recently Greenline has been pushing into several protocols beyond FIX which is directionally alignedwith CameronTec’s technology strategy and capabilities,” says Max Colas, Chief Strategy Officer for CameronTec. “The combination of Greenline’s investment with our latest Catalys messaging platformdevelopment will accelerate the delivery of a unique and powerful platform for processing, testing andmanaging all converging financial flows; from front-office to back-office, across all asset classes, globally.”The Greenline acquisition includes a substantial line of products covering its flagship product suite,VeriFIX®, CertiFIX®, MagniFIX®, MetriFIX® and Exchange Central, for delivering end-to-end globalconnectivity solutions for any electronic trading environment using or migrating to FIX and proprietaryprotocols. The agreement also sees CameronTec assume Greenline’s product and professional servicesagreements that cover customers in the US, EMEA and Asia Pacific.Greenline has employees located in Chicago, New York, Boston, London, and Hong Kong.CameronTec recently announced the acquisition of London-based E2E infotech, the professional servicesand integration solutions provider for electronic trading and capital markets.
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