Business integration outfit Integra SP has acquired the business and assets of Altio, a London-based developer of XML-formatted data presentation and interface systems.
Integra SP says it will use the AltioLive platform to provide a visual front-end to iaTradeT, its own trade lifecycle management solution.
AltioLive enables businesses to feed all their applications into a multi-window, browser-based interface, allowing users to work with multiple internal applications simultaneously. It also enables them to merge these applications with external data sources and Web Services through a single, customised interface.
Sven Thiele, CEO for Integra SP, comments: "Being able to manage, synchronise and visualise STP in a heterogeneous environment whilst maintaining operational integrity has proven to be a challenge which we now believe we have significantly simplified."
David Levett, CTO and founder of Altio will now assume the role of CTO - Altio Products at Integra SP. The business going forward will continue to trade as a subsidiary of Integra SP and both its existing customer and developer base will continue to receive full product support, he says.
In February, Integra SP implemented a real-time trade management solution for Prebon Yamane, linking brokers in London and New York to internal and third party processing systems, including Swapswire.