ION swallows up Openlink Financial
05 February 2018 | 18680 views | 1
ION Investment group is to acquire Openlink Financial, continuing a treasury management investment buying spree which has seen it swallow up IT2, Financial Software Systems and Wall Street Systems.
Founded in 1992, Openlink currently claims 600+ clients and 38,000 desktop position for its trading, risk management and treasury platform.
Andrea Pignataro, ION’s chief executive officer, says: “Openlink’s solutions and expertise are highly complementary to ION’s business. This acquisition will expand ION’s footprint in energy and financial services. We look forward to partnering with Rich Grossi and his team, and contributing to the firm's growth and development.”
Terms of the deal between between ION and Openlink's private equity owner Hellman & Frideman have not been disclosed.