Itiviti (combination of Orc & CameronTec)

Sector/industry

Financial technology and services

Nordic Capital Fund VII acquired Orc Group though a public tender offer launched in December 2011 and completed in January 2012.

In Spring 2012 Orc announced that the Group would separate its businesses into three separate entities; Orc, Neonet and CameronTec, to enable the three operating companies to better focus on their respective product and customer niches. The majority shareholding in Neonet was later on the same year divested to Hay Tor Capital LLP, KAS BANK N.V. and Neonet's management. Nordic Capital Fund VII's remaining shareholding in Neonet was divested to to KCG Holdings in 2016.

As two separate companies, Orc and CameronTec could grow focusing on its own specialties. Orc, specialised in niche trading solutions for market makers and proprietary traders, turned its focus on larger customers, broadened its offering towards customer driven business and acquired a new best in class technology platform (Tbricks), while CameronTec, with its niched high quality FIX engine product offering made several successful add-on acquisitions, most notably Greenline Financial Technology, and expanded into adjacent business areas.

After three years apart, Orc Group and CameronTec announced its intention to combine again to create an integrated provider of complete trading technology solutions for the global capital markets. As a result, the new name and brand, Itiviti was introduced in January 2016, marking the unification as a combined company established to deliver a powerful trading and connectivity offering built for the future.The combination enables Itiviti to address new and exciting market segments, not available to either party stand alone, and to serve a broader range of client needs.

Itiviti holds market leading positions in several areas from the outset, and the combination significantly expands the customer proposition for banks, brokers and trading firms. Itiviti has a complete new product suite in order management, trading and connectivity with a complete suite of compliance and reporting packages catering to the latest development in regulatory frameworks. The combined company will continue to build partnerships with its customers, using the natural fit between Orc and CameronTec to launch a new and even more powerful portfolio: fully modular, transparent and flexible solutions for end-to-end trading, routing, connectivity and risk.

Headquartered in Stockholm, Sweden, Itiviti has truly global capabilities, with 400 staff located in 13 offices worldwide, covering all major financial centers. The company has a track record of delivering innovative, world class trading and financial infrastructure solutions to the capital markets across all geographies and regulatory landscapes.


Management:
  • Torben Munch, CEO
  • Tony Falck, CFO
Key Information: Revenues 2015*, **: EUR 70 million Employees: 380 Ownership: Nordic Capital Fund VII, controlling shareholding Date of investment: 2012 Head office: Stockholm, Sweden
* Reported