28 March 2015

TS-Associates buys Correlix

30 July 2012  |  2793 views  |  0 handshake

TS-Associates has acquired the assets of latency management service provider Correlix. Financial terms of the deal were not disclosed.

Correlix - which was owned by a group of private equity firms - counts Nyse Euronext and Bats among the customers of its RaceTeam service for monitoring, measuring and reporting order and market data flows in real-time.

TS-Associates says that the Correlix product will be added to its Precision Instrumentation brand, alongside TipOff and Application tap.

TipOff customers will benefit from Correlix's InfiniBand monitoring capability, a wider range of protocol decoders, and a proven managed service delivery capability, says the vendor.

The deal also gives TS-Associates a data centre and more office space in Wall Street as well as an Israeli development centre.

Henry Young, CEO, TS-Associates, says: "Following this acquisition we have all the technology assets required to offer a truly compelling range of Precision Instrumentation capabilities to the market. Correlix developed a competent mature and powerful product."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

13 March, 2002
05 September, 2001

Related company news

 

Who is commenting?

Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
9552 views comments | 53 tweets | 30 linkedin
Europe sets the pace as fintech investment...
5025 views comments | 27 tweets | 19 linkedin
Google preps Gmail bill payment feature
4496 views comments | 13 tweets | 12 linkedin
Barclays and PayPal join Government ID acc...
4305 views comments | 10 tweets | 11 linkedin
Credit Suisse paper offers qualified bitco...
4074 views comments | 5 tweets | 9 linkedin

Featured job

Competitive
New York City, NY (USA)

Find your next job