CameronTec, the global standard in connectivity technology and trading infrastructure today announced the expansion of its global operations with an agreement to acquire the aurionPro subsidiary (NSE: AURIONPRO, BSE: 532668) and Capital Markets solution provider, E2E infotech.
The acquisition addresses CameronTec's growing customer requirements for professional & managed service capabilities as well as system integration globally.
"Today's announcement is a natural and welcome progression resulting from several years of operational collaboration with E2E," says Anders Henriksson, CEO for CameronTec. "E2E is an innovator specialising in professional & managed services as well as bespoke & standard implementations of Connectivity and Trading Infrastructure covering the front, middle and back-office. This addition fits well with CameronTec's connectivity and trading business and is in-line with our customer interests. We see tremendous growth opportunities to address both standard and bespoke solution integrations when supporting CameronTec's product portfolio."
Vaibhav Shukla, CEO for E2E infotech, comments: "The expertise and products E2E brings to CameronTec will provide the tools necessary to complement CameronTec's FIX-based trading environments, including professional services, strategic consulting and custom development. E2E's domain expertise and mature, well-refined customer engagement model will be highly beneficial to CameronTec's long-term business objectives."
The E2E acquisition includes a substantial line of products for CameronTec that encompass system connectivity with off-the-shelf interfacing for front, middle and back- office, market connectivity for selected emerging markets, business adapters built to couple CameronTec's solutions, and trading, risk and pricing applications. The agreement also sees CameronTec assume E2E's commercial agreements that cover global customers in the US, EMEA and Asia Pacific.
Samir Shah, aurionPro's Global COO, says: "The decision by aurionPro to agree the sale is based on a comprehensive review of our company's corporate strategy and targeted business objectives. Divesting the E2E business will enable us to focus more sharply on core business lines."
E2E was founded in 2001 by the investment bank of UniCredit, UBM, Orc Software, and its Founding members. In 2007 E2E was acquired by aurionPro Solutions, at which time it was a majority-owned subsidiary of Orc Software.
E2E infotech has employees located in London, Hong Kong and Mumbai.