Iress has agreed to sell its European market data business QuantHouse to Vienna-based BAHA Tech Holding AG for €17.5 million, marking the latest move in the company’s strategy to streamline operations around its core Wealth and Trading & Market Data offerings.
Founded in 2005, QuantHouse built its reputation as a pioneer in low-latency market data and API-based trading infrastructure. After being acquired by S&P Capital IQ in 2012 to bolster its market data services, QuantHouse returned to founder ownership in 2017, before being picked up by Iress in 2019 as part of a broader push into trading solutions.
The decision to divest comes after a strategic review by Iress, which concluded that QuantHouse would be better positioned for growth under a parent committed to scaling specialist data services. BAHA, established in 1995, offers real-time data, a proprietary newswire, and analytics solutions covering over 12 million instruments across 150-plus exchanges — and sees QuantHouse as a strong fit for expanding its institutional offering.
Under the deal, Iress will maintain access to QuantHouse’s market data via a five-year supply agreement. Completion of the sale is expected by the end of 2025, subject to BAHA securing the necessary data agreements to ensure seamless client service. Iress will also continue to provide transition support for up to 12 months after closing.
Iress Group CEO, Marcus Price, commented: “With our transformation program now complete, Iress is focused on strengthening and growing our core business operations in Wealth and Trading & Market Data. While QuantHouse has been a valuable part of our business, we recognise its future potential will be best realised with an owner committed to investing in its global expansion.
BAHA founder and President, Christian Baha, added: “The BAHA offering now includes a comprehensive portfolio of high-end institutional information services including the BAHA terminal workstation, an independent proprietary global newswire, a leading consolidated global data feed and high-quality time series data sets critical for back testing and compliance requirements. Combined with QuantHouse, which has built an excellent reputation as a pioneering provider of low latency real-time market data for over 21 years, we look forward to expanding together as an innovative company that will revolutionise the high-end institutional financial market.”
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