Acquisition Strengthens SS&C's Worldwide Trading Footprint
New York, January 4, 2010 -- Berkery Noyes announces that it has advised Tradeware Global in its sale to SS&C Technologies. The acquisition of Tradeware Global expands SS&C's electronic trading offering in the broker/dealer market on a global basis. The acquisition adds approximately 250 clients and 60 staff based in New York and London to SS&C's global capabilities.
Tradeware currently provides services to brokers and institutions in 82 countries around the world. The company specializes in flexible Financial Information eXchange (FIX) -based equity order management systems, FIX connectivity solutions and full front-to-back office integration and compliance reporting services.
"As a leading provider of FIX-based connectivity solutions for financial institutions, Tradeware's strong brand and products should be a valuable addition to SS&C", said Peter Ognibene, Managing Director at Berkery Noyes.
"This is an exciting milestone for our company, and we look forward to building our business," said Charles Giessen, Senior Vice-President and General Manager, Tradeware Global Corp. "We envision great opportunity for our business through SS&C's worldwide presence and client base, and we can't wait to begin seeing that play out in the market place."
About Berkery Noyes
Berkery Noyes provides strategic mergers and acquisitions transaction advisory services, financial consulting and strategic research to middle-market information and technology companies in the United States and internationally. For more information, visit www.berkerynoyes.com.
About Tradeware Global Corp.
Founded in 1993 and located on Wall Street, Tradeware specializes in flexible FIX-based equity order management systems, FIX connectivity solutions, and full front-to-back office integration and compliance reporting services. The Company's service bureau business model offers customers the much sought-after benefits of trading neutrality. More than 250 brokerage firms and institutional investors around the world rely on Tradeware's products and connectivity services.