TMX Group today announced the sale of risk management business Razor Risk to UK-based Parabellum Limited.
TMX Group has undertaken a transformative initiative to streamline the organization, enhance client services and achieve a more efficient cost structure. The decision to enter into this transaction was made within the scope of the company's strategy to focus on the growth of its core offerings, both domestically and internationally over the long-term and to evolve into a more nimble, responsive solutions provider.
The transaction closed December 31, 2016 . The terms were not disclosed.