Torstone Technology, a London, UK-based provider of post-trade securities and derivatives processing technology, is to acquire Percentile, a London, UK-based provider of real-time, cloud-based risk and compliance technology to global financial markets.
The amount of the deal was not disclosed.
With the acquisition, Percentile’s risk management solution will form a component of Torstone’s platform. It is now able to provide a full-service, cross-asset, global post-trade offering, including risk and compliance, to a new expanded client base.
Led by Brian Collings, CEO, Torstone Technology is a global provider of a cloud-based, cross-asset securities and derivatives post-trade processing technology platform that enables global financial firms to reduce their costs, achieve control, minimize risk, and drive operational efficiency.
The company also has offices in New York, Hong Kong, Singapore, and Tokyo.
Led by Anthony Pereira, CEO, Percentile is a provider of cloud-based, real-time risk and compliance technology to global financial markets. Its flagship product, RiskMine, drives alignment between trading desks and risk management delivering transparency and governance.