30 July 2016
Find out more

Vista Equity Partners completes acquisition of Thomson Reuters risk unit

01 February 2012  |  7298 views  |  0 Risk

Vista Equity Partners has completed the acquisition of Thomson Reuters' trade and risk management technology business, re-branding the unit Turaz.

Thomson Reuters decided to sell the business in the summer, one of several steps taken as part of a company-wide revamp that has also seen the markets division broken up and CEO Tom Glocer leave.

Vista Equity Partners has hired Bret Bolin as president and CEO of Turaz, poaching him from P2 Energy Solutions, a provider of software, data and services to the upstream oil and gas industry.

Kondor old hands John Palmiero and Boris Lipiainen will lead global sales and marketing and product management and development functions. New to the Turaz team are Andrew Hicks as head of all general and administrative functions and Alan Somerville who will lead global client services and support.

The new firm has also launched the latest version of the trade and risk management software Kondor+, claiming a "new openness and flexibility towards integrating third-party pricing and analytics, market data and other extended market capabilities".

Says Bolin: "Moving forward, our strategic priority will be to look at how we build on our current product roadmaps to ensure our customers receive maximum added value from the software and services we deliver. This commitment is demonstrated by the launch of the latest version of Kondor+; which has been positively received by both new and existing clients."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Thomson Reuters looks to settle EC data antitrust case

Thomson Reuters looks to settle EC data antitrust case

14 December 2011  |  6540 views  |  1 comments
Glocer exits as Thomson Reuters appoints Smith to lead turnaround

Glocer exits as Thomson Reuters appoints Smith to lead turnaround

02 December 2011  |  6707 views  |  0 comments
Thomson Reuters disbands Market and Professional divisions

Thomson Reuters disbands Market and Professional divisions

28 September 2011  |  8125 views  |  0 comments
Thomson Reuters to sell trade and risk unit to Vista Equity Partners

Thomson Reuters to sell trade and risk unit to Vista Equity Partners

23 September 2011  |  9982 views  |  0 comments
Wenig out as Reuters shakes up Markets division

Wenig out as Reuters shakes up Markets division

22 July 2011  |  11257 views  |  0 comments
PE firms circle Reuters Kondor

PE firms circle Reuters Kondor

06 June 2011  |  10557 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.abe-eba.euVisit VocaLink.com

Who is commenting?

Top topics

Most viewed Most shared
Groupe BPCE agrees to buy FidorGroupe BPCE agrees to buy Fidor
8215 views comments | 36 tweets | 55 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
7112 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6783 views 0 | 6 tweets | 8 linkedin
Indian digital payments market to hit $500bn by 2020 - GoogleIndian digital payments market to hit $500...
5777 views comments | 24 tweets | 18 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job