Trading Technologies Announces Close of Investment from Thoma Bravo
Thoma Bravo joins existing investor 7RIDGE to fuel continued growth
Thoma Bravo now joins 7RIDGE, a specialized growth equity firm invested in transformative technologies for financial services, in ownership of TT, partnering for the next phase of TT's growth. 7RIDGE acquired TT in
"We are delighted to complete this transaction and enter our next phase of growth," said
Houlihan Lokey acted as lead financial advisor and Barclays as financial advisor to TT. Proskauer served as TT's legal advisor, and Oliver Wyman as TT's market and commercial advisor. Ardea Partners LP served as financial advisor and Goodwin Procter LLP as legal advisor to Thoma Bravo.
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) is a global capital markets platform services company providing market-leading technology for the end-to-end trading operations of Tier 1 banks, brokerages, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers. With its roots in listed derivatives, the Software-as-a-Service (SaaS) company delivers "multi-X" solutions, with "X" representing asset classes, functions, workflows and geographies. This multi-X approach features trade execution services across futures and options, fixed income, foreign exchange (FX) and cryptocurrencies augmented by solutions for data and analytics, including transaction cost analysis (TCA); quantitative trading; compliance and trade surveillance; clearing and post-trade allocation; and infrastructure services. The award-winning TT platform ecosystem also helps exchanges deliver innovative solutions to their market participants, and technology companies to distribute their complementary offerings to Trading Technologies' clients.
About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with approximately
About 7RIDGE
7RIDGE is a private markets asset manager invested in transformative technology for financial services to power the global economy. Visit: www.7ridge.com.
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SOURCE Trading Technologies
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