LONDON & MUMBAI, Monday 1 July 2013 — CameronTec, the global standard in connectivity technology and trading infrastructure today announced the expansion of its global operations with an agreement to acquire the aurionPro subsidiary (NSE: AURIONPRO, BSE: 532668) and Capital Markets solution provider, E2E infotech. The acquisition addresses CameronTec’s growing customer requirements for professional & managed service capabilities as well as system integration globally.
“Today’s announcement is a natural and welcome progression resulting from several years of operational collaboration with E2E,” says Anders Henriksson, CEO for CameronTec. “E2E is an innovator specialising in professional & managed services as well as bespoke & standard implementations of Connectivity and Trading Infrastructure covering the front, middle and back-office. This addition fits well with CameronTec’s connectivity and trading business and is in-line with our customer interests. We see tremendous growth opportunities to address both standard and bespoke solution integrations when supporting CameronTec’s product portfolio.”
Vaibhav Shukla, CEO for E2E infotech, comments: “The expertise and products E2E brings to CameronTec will provide the tools necessary to complement CameronTec’s FIX-based trading environments, including professional services, strategic consulting and custom development. E2E’s domain expertise and mature, well-refined customer engagement model will be highly beneficial to CameronTec’s long-term business objectives.”
The E2E acquisition includes a substantial line of products for CameronTec that encompass system connectivity with off-the-shelf interfacing for front, middle and back- office, market connectivity for selected emerging markets, business adapters built to couple CameronTec’s solutions, and trading, risk and pricing applications. The agreement also sees CameronTec assume E2E’s commercial agreements that cover global customers in the US, EMEA and Asia Pacific.
Samir Shah, aurionPro’s Global COO, says: “The decision by aurionPro to agree the sale is based on a comprehensive review of our company’s corporate strategy and targeted business objectives. Divesting the E2E business will enable us to focus more sharply on core business lines.”
E2E was founded in 2001 by the investment bank of UniCredit, UBM, Orc Software, and its Founding members. In 2007 E2E was acquired by aurionPro Solutions, at which time it was a majority-owned subsidiary of Orc Software.
E2E infotech has employees located in London, Hong Kong and Mumbai.
London-based E2E infotech provides professional services and integration solutions and for electronic trading and capital markets globally. E2E specialises in FIX solutions, market connectivity and integration, providing solutions specifically for the front, middle and back- office.
Founded in 2001, E2E infotech has employees located in London, Hong Kong and Mumbai.
aurionPro is world-class technology firm. Founded by industry veterans and domain experts, aurionPro’s three distinct businesses provide unparalleled software solutions and technology services across Banking, and Capital Markets, Consulting Services, and Outsourcing Services. Headquartered in Mumbai, India, aurionPro was recently recognised by Deloitte as the 6th fastest growing technology company in India and 49th across the entire Asia/Pacific region. aurionPro has demonstrated consistent revenue and income growth year over year since its inception in 1997 and employs more than 1100 individuals across Asia, Europe, and the United States.
aurionPro (NSE: AURIONPRO, BSE: 532668) is listed on NSE and BSE.
CameronTec is the global industry standard in connectivity technology and trading infrastructure that today powers the largest user base among financial institutions.
Our solutions are trusted by leading firms in over 50 countries, on all five continents, and our customers today represent a broad cross section of exchanges, regulators, tier 1 and 2 investment banks, brokers, fund managers and a diverse selection of the ISV community.
Catalys provides an integrated platform for operations, infrastructure and trading management that covers the deal life-cycle: pre-trade, trade and post-trade. It is the ultimate enabler: open-standard-based and centrally managed to harness unprecedented levels of performance, data interoperability, convergence and business insight. Catalys is underpinned by market-leading connectivity technology, and engineered on the widely acknowledged standard in FIX engines, CameronFIX.
CameronTec’s highly experienced, regionally focused customer service and engagement teams operate from our offices in London, Stockholm, Paris, Frankfurt, New York, Chicago, Hong Kong, Sydney and Mumbai.
CameronTec is owned by Nordic Capital Fund VII.