Welcome!

News Feed Item

TPG to acquire Eze Castle Software and RealTick from ConvergEx; Newly formed company, Eze Software Group, to acquire Tradar

Company will be uniquely positioned to provide global investment management technology solutions for the front, middle and back office

BOSTON, Jan. 23, 2013 /PRNewswire/ -- TPG has signed a definitive agreement to acquire Eze Castle Software, a premier provider of global order management and related investment technologies, and RealTick, a leading multi‐broker, cross‐asset electronic execution platform, from ConvergEx Group. This all cash transaction is expected to close in Q1 or Q2 of 2013. Financial terms were not disclosed. The newly formed company will be called Eze Software Group. Following the close of the transaction, Eze Software Group will acquire Tradar, a supplier of portfolio management and accounting solutions.

Eze Software Group will bring together the comprehensive, industry-leading product offerings and global market expertise of Eze Castle Software, RealTick, and Tradar into a single platform, for a seamless workflow from front to back office. The combined suite and services architecture will enable investment firms to utilize the full range of products or to select single functional components.

Tom Gavin, chief executive officer of Eze Castle Software and head of ConvergEx's Software Platforms, will lead the new company along with the existing management teams from Eze Castle Software, RealTick, and Tradar.

"Eze Software Group will bring together the global expertise of three industry-leading products," said Bryan Taylor, partner at TPG. "The new company is now uniquely positioned to focus on its specialized product offerings for the front, middle, and back offices. The collective management team has a long history of success in this space and we look forward to partnering with them to continue developing innovative technology solutions for investment managers."

"We are thrilled to partner with TPG in launching Eze Software Group," said Tom Gavin, CEO of Eze Software Group. "Through this partnership with TPG, and with the addition of Tradar, we are able to accelerate our vision of building a world-class investment management solution and to meet the market demand for a more streamlined workflow across the investment lifecycle. We are excited to offer our clients a single, fully integrated platform, while remaining committed to our philosophy of also delivering an open, vendor-neutral platform. Eze Castle Software and RealTick have enjoyed substantial growth as subsidiaries of ConvergEx, and our ties will remain strong going forward. We look forward to maintaining a partnership that will benefit both firms and our clients."

The parties have entered into a marketing agreement, which will ensure that services from both firms will continue to be offered on an integrated basis.

"As part of ConvergEx Group, Eze and RealTick realized a tremendous amount of growth and success," said ConvergEx Chairman and Chief Executive Officer Joseph M. Velli. "As they move forward towards their next chapter, we are excited to continue our mutually beneficial relationship for the advantage of all our clients. We wish all our friends at Eze and RealTick the very best."

Upon its launch, Eze Software Group will be a premier provider of global investment technology to support the front, middle, and back office. The new company will have a combined 700 employees in 12 offices worldwide and will serve more than 1400+ global buy-side institutions across North and South America, EMEA, and Asia Pacific including hedge funds, traditional asset managers, pension funds, ERISA, and mutual funds.

About TPG
TPG is a leading global private investment firm founded in 1992, with more than $54.5 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. TPG Capital has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, growth investments, joint ventures and restructurings. The firm has extensive technology expertise with investments that have included Alltel, FIS, Hotwire, IMS Health, Intergraph, Lenovo, LPS, MEMC, Sabre Holdings, Seagate Technology, SunGard and Vertafore. For more information visit www.tpg.com.

Contacts:

For TPG:
Owen Blicksilver PR, Inc.
Lisa Baker
[email protected]
+1 914-725-5949

For Eze Software Group:
Meghan Rocha
Eze Castle Software
[email protected]
+1 617-316-1153

SOURCE Eze Castle Software

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
For better or worse, DevOps has gone mainstream. All doubt was removed when IBM and HP threw up their respective DevOps microsites. Where are we on the hype cycle? It's hard to say for sure but there's a feeling we're heading for the "Peak of Inflated Expectations." What does this mean for the enterprise? Should they avoid DevOps? Definitely not. Should they be cautious though? Absolutely. The truth is that DevOps and the enterprise are at best strange bedfellows. The movement has its roots in t...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
Containers are rapidly finding their way into enterprise data centers, but change is difficult. How do enterprises transform their architecture with technologies like containers without losing the reliable components of their current solutions? In his session at @DevOpsSummit at 21st Cloud Expo, Tony Campbell, Director, Educational Services at CoreOS, will explore the challenges organizations are facing today as they move to containers and go over how Kubernetes applications can deploy with lega...
In their session at @DevOpsSummit at 21st Cloud Expo, Michael Berman, VP Engineering at TidalScale, and Ivo Jimenez, Engineer at TidalScale, will describe how automating tests in TidalScale is easy thanks to WaveRunner. They will show how they use WaveRunner, Jenkins, and Docker to have agile delivery of TidalScale. Michael Berman is VP Engineering at TidalScale. TidalScale is developing a scale up compute and resource architecture for customers to perform big data exploration and real time anal...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discussed how a new approach is neces...