The merger of Itiviti and ULLINK was completed yesterday, with Itiviti CEO Torben Munch named to lead the combined entity. ULLINK CEO, Didier Bouillard, has elected to leave the company.
The intention to combine the companies, both of which are owned by Nordic Capital, was put forward in November 2017 and with the transaction now closed, the resulting company has about 1,000 employees in major financial markets across Europe, the Americas and Asia-Pacific, and annual sales of over $200 million. Its offer will cover a range of solutions and services spanning asset classes and trading applications, including high-touch, low-touch, market making and connectivity. The solutions are based on modern, flexible technology architected for performance and updated to meet compliance requirements.
Looking forward, the combined company says business focus will be on growth and expansion, guided by clients’ demands for a technology partner to support current and future needs and business strategies.
Munch comments: “I am fortunate to lead an organisation with outstanding credentials, in terms of what ULLINK and Itiviti together bring to the table. Ultimately though, the merger will be judged on its delivery. Our products, solutions and the services we provide must validate that we are growing into an even more capable supplier and partner, one that can best satisfy the needs of customers’ business, enable their strategic initiatives and provide daily support to sell-side and buy-side financial institutions. Knowing the qualities of ULLINK and Itiviti, I have every reason to believe we are bound for success.”