Thomson Reuters has acquired California-based market data technology vendor Vhayu Technologies. Financial terms of the deal were not disclosed.
Privately-held Vhayu was founded in 1998 by former Intel technologists and now claims over 70 customers for its enterprise tick data technology.
The vendor says its Velocity and Squeezer technologies combine software and hardware to help financial firms make faster and smarter trading decisions.
Thomson Reuters has been distributing Velocity under the Reuters Tick Capture Engine label for the last four years. During that time, Vhayu's developers have integrated its software with Thomson Reuters Market Data System and devised a single, normalised view for Reuters Real-Time Data and Reuters DataScope Tick History.
The buyer says Velocity will be an integral component of its quantitative and event driven trading system which provides firms with tools for pre-trade analytics and trading strategies.
Jon Robson, president, Enterprise, Thomson Reuters, says: "Our clients will benefit from this acquisition as a natural enrichment of the proven solutions we deliver for high frequency and advanced quantitative trading, research and analytics."
Jeff Hudson, CEO, Vhayu, adds: "By deeply and seamlessly integrating Thomson Reuters valuable content with the analytics and storage technology of Vhayu, customers will enjoy new solutions that will greatly expand the value of market data."