Vista Equity Partners has completed its acquisition of Thomson Reuters Trade and Risk Management business following the agreement that was announced on 23 September, 2011. The new company will be called Turaz.
“Closing this deal with Thomson Reuters and acquiring what is already a very successful business in its own right is a great strategic transaction for Vista,” said Robert Smith, Vista’s founder and chief executive officer (CEO). “We will apply our proven expertise in growing dynamic, successful technology-based organisations that deliver a great customer experience. We look forward to supporting the Turaz management team as they continue to grow the company and realise its full potential.”
Headquartered in London, with offices across the world, Turaz will be headed by Bret Bolin in the position of president and CEO. Over the last 12 years, Bret has successfully led a number of software companies; he joins Turaz from the position of CEO at P2 Energy Solutions, a provider of software, data and services to the upstream oil and gas industry.
Turaz has also unveiled the latest version of Kondor+, its award winning trade and risk management software. A new flexible architecture has dramatically improved the product’s openness and flexibility towards integrating third-party pricing and analytics, market data and other extended market capabilities. It introduces a highly scalable architecture for real-time reporting and simulation. It brings all the relevant information traders need to make critical business decisions into one highly intuitive and flexible view. Already renowned for its market-leading reliability and low total cost of ownership, the latest version of Kondor+ significantly expands cross-asset class coverage including full support for commodities cash and derivative trading front-to-back.
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