Itiviti AB established to deliver powerful trading and connectivity offering built for the future
Feb 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
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
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
Back to news listings >