FEBRUARY 02 2016
Market leaders Orc Group and CameronTec Group unite and create Itiviti, a new force in trading software and services for the global capital markets.
Stockholm, SWEDEN, February 2, 2016 - The management of Itiviti AB today introduced a newly named company and brand, marking the completion of the previously announced unification of Orc Group, a global market leader in electronic trading technology for listed derivatives and CameronTec Group, the global standard in financial messaging infrastructure and connectivity. 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 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.
"We are delighted to present our new company," says Torben Munch, CEO, Itiviti AB. "We are doing so with the confidence of two established, successful brands, Orc and CameronTec with solid track records in our industry. By combining our respective skill sets in technology, products and services we can deliver a broad, yet advanced, high-performance platform. We feel that Itiviti holds a new and unrivaled position in terms of ability to meet specific customer requirements, ease of integration, and adaptability to changes in market structure and regulation."
Joining CEO Torben Munch (formerly Orc Group CEO) on Itiviti's executive management team are Tony Falck, Executive Vice President, Chief Financial Officer, Troels Philip Jensen, Executive Vice President, Chief Operating Officer, Anders Henriksson, Executive Vice President, Head of Business Unit Global Services & Chief Growth Officer, Jonas Hansbo, Executive Vice President, Chief Strategy Officer, and Klaus Andersen, Executive Vice President Global Engineering. Per E. Larsson will serve as Itiviti's Chairman of the Board. Larsson has been a member of the Boards of Orc Group and CameronTec Group since 2012 and served as Chairman on both Boards at the time of the combination.
Itiviti continues to develop, market, and support existing technology platforms, products and brands, including Orc Tbricks and Catalys. The combination also allows Itiviti to address a wider range of customer requirements for trading technology and infrastructure, with new products and services. Through state-of-the-art, integrated solutions built for the future, Itiviti will enable real cost savings for clients across all regions and markets.
All Itiviti solutions are backed by a highly skilled, global services organization. Through combining client and industry insight with technology expertise, Itiviti is uniquely positioned to provide effective support to its customers. Itiviti's team of experts are available for tasks such as daily technology support, system configuration and integration, and tailored trading solutions and strategies.
Itiviti's Managed Services offers a fully managed solution to replace in-house trading infrastructure, reducing cost of ownership and allowing customers to concentrate fully on core trading activities. The high-performance, low latency Itiviti ecosystem includes market connectivity, systems operations, monitoring, backup and failover procedures.
Itiviti is a world-leading technology provider for the capital markets industry. Trading firms, banks, brokers and institutional clients rely on Itiviti technology, solutions and expertise for streamlining daily operations, while gaining sustainable competitive edge in global markets.
With 13 offices and serving more than 400 customers worldwide, Itiviti was formed by uniting Orc Group, a leader in trading and electronic execution, and CameronTec Group, the global standard in financial messaging infrastructure and connectivity. From its foundation in 2016, Itiviti has a staff of 400 and an estimated annual revenue of SEK 700 million.
Itiviti is committed to continuous innovation to deliver trading infrastructure built for today's dynamic markets, offering highly adaptable platforms and solutions, enabling clients to stay ahead of competitive and regulatory challenges.
Itiviti is owned by Nordic Capital Fund VII.
For further information, please contact:
Torben Munch, CEO, Itiviti AB, Tel. +45 2223 4789
Christine Blinke, CMO, Itiviti AB, Tel. +46 739 01 02 01