29 July 2015

TS-Associates buys Correlix

30 July 2012  |  2835 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

 


Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Visa confirms Visa Europe acquisition talk...
9139 views comments | 16 tweets | 22 linkedin
Square reportedly files for IPO
6370 views comments | 16 tweets | 13 linkedin
Banks lag manufacturers and telcos in race...
6249 views comments | 28 tweets | 15 linkedin
Wells Fargo creates innovation group
5845 views comments | 15 tweets | 9 linkedin
BNP Paribas explores the blockchain; SocGe...
5695 views comments | 12 tweets | 15 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job