QuantHouse, the independent global provider of end-to-end high-performance market data and trading through API based technologies, today announced that the company has entered into a definitive Asset Purchase Agreement with Victory Networks inc, the provider of high-speed networks.
Victory Networks designs, implements, and manages high-speed networks for bulge-bracket banks, boutique financial firms, and hedge funds across the United States. The acquisition of these assets will expand QuantHouse's market share and coverage in the US by adding many hedge fund clients and business partners.
Pierre Feligioni, Company Co-Founder and CEO, QuantHouse, said: “Throughout the integration process, both QuantHouse and Victory Networks have worked extremely well together. Indeed, we believe that it is the combination of synergies in terms of product, process and culture that will provide the foundation for a successful future working relationship across both our teams. This transaction signals a considerable stride forward as QuantHouse successfully executes on its acquisition goals, delivering meaningful US expansion along with increased scale, to enhance our competitive position as a global provider of trading solutions."
John Superson, Victory Networks inc CEO, added: “We are excited to become part of QuantHouse because we are similarly focused on the same goal - delivering the most innovative trading solutions for our customers. Victory Networks has grown rapidly across the US, and by combining our strengths with those of QuantHouse, we can jointly accelerate success for our customers globally.”