CameronTec Group, the global standard in financial messaging infrastructure and tools for the Capital Markets industry, today announced it has closed a definitive asset purchase agreement for Lasalletech, the US-based financial protocol operational solutions and professional services firm co-founded by current Senior Partner, Jim Northey.
Since 2006 Lasalletech has specialized in the provision of products and services for messaging and transaction processing to improve the quality of financial services in terms of efficiency, reliability and performance. Its wide range of products includes FIX Conductor and FIX Technician CTS, the industry leaders for fully automated onboarding, certification, and regression testing.
CameronTec Group CEO Anders Henriksson says the addition of Lasalletech is welcome news for the Group and the global electronic trading community: "Today's announcement is a natural and strategic progression resulting from several years of operational collaboration with Lasalletech. We are very pleased to be working with Jim Northey and his team. Lasalletech's exceptional FIX operational technologies and services coupled with CameronTec's leading financial messaging infrastructure and tools, creates a truly compelling offering for the global financial industry."
Co-Founder and Senior Partner at Lasalletech, Jim Northey is one of the industry's key contributors and experts when it comes to international open standards. In addition to Lasalletech, Jim is Global Technical Committee Co-Chair of the FIX Trading Community and, until 2014, was a Member of the US Treasury's Financial Research Advisory Committee.
For existing FIX customers as well as the broader financial services community, this collaboration is a particularly positive development as it delivers extended value from integrated products and signals a sharper customer focus, stronger development investment and even more powerful deployments.
"This is a significant milestone and welcome development for Lasalletech," says Jim Northey. "In CameronTec we have found a collaboration that is thoroughly aligned and shares our goal to improve the efficiency of the global electronic trading network through innovative software and exemplary services. I believe today's news will be of great interest and benefit to members of the broader financial community as they look to transform their business."
At the core of CameronTec technology is a unique understanding of the FIX world that comes from a concentration of the world's largest FIX deployments. With a host of industry-firsts, our superior solutions provide unprecedented levels of performance and flexibility, enabling firms to sustainably differentiate in today's markets.
CameronTec's solutions are tested and trusted by the world's best firms in over 50 countries, on all five continents, that represent the broadest cross section of tier 1 and 2 investment banks, brokers, fund managers, exchanges, regulators, and the ISV community. Our products and services are exceptionally supported by regionally focused teams in Chicago, New York, London, Stockholm, Paris, Frankfurt, Hong Kong, Sydney and Mumbai.