Growth, transformation – and global leadership
Itiviti did not start as Itiviti. In 2012, The company’s name was Orc Group, listed at Nasdaq OMX Stockholm. Orc offered technology and services to the international financial industry with focus on trading, market making and brokerage. But Nordic Capital identified a significant potential for the business – and to expand on a global scale.
Nordic Capital acquired Orc through a recommended public tender offer, and the transformation journey began. Significant technology investments were made paired with a carefully crafted technology acquisitions strategy. Recourses were set up to strengthen R&D capabilities, product development, and a new organizational framework to better meet the capital markets future needs.
Two years later another milestone was reached; Itiviti implemented a transformational merger with Ullink – a best in class platform for cash equity and derivates trading solutions.
This merger marked a new phase in the transformation with strengthened focus on commercial excellence. A new management team was recruited, which accelerated growth with the support by Nordic Capital’s expertise and 25-year track record of successfully building cutting-edge technology businesses.
The result was clear: Significant sales growth, increased customer satisfaction – and even stronger demand for Itiviti’s leading products that was used by every day in the global capital markets industry.
After nine intensive years in Nordic Capital’s active ownership, Itiviti was ready to enter the next phase of the growth journey. In 2021, Itiviti was successfully divested to Broadridge, a global fintech leader listed on the New York Stock Exchange. The two companies joined forces to further enhance its capabilities.
Nordic Capital’s almost decade-long story of Itiviti is a true success story. It is a story of how a niche player became a global force in the capital markets industry – and a story that continues in a new context.