The Board of Directors of Itiviti AB announces that the transaction to merge the company with ULLINK was completed on March 14, 2018.
With annual sales exceeding $200 million, 1,000 employees and local presence in major financial markets across Europe, Asia-Pacific and the Americas, the combination of Itiviti and ULLINK creates a full-service technology and infrastructure provider for global and regional financial institutions.
The intention to combine Itiviti and ULLINK was jointly communicated by the companies and owner Nordic Capital on November 28, 2017.
The Board has appointed Torben Munch as Chief Executive Officer of the combined entity.
“Torben Munch’s leadership has been instrumental for shaping Itiviti’s organization from a diverse group into a unified team and for developing a solid, coherent offering aligned with market requirements and individual customer needs,” says Per E. Larsson, Chairman of the Board, Itiviti. “Torben has built a great team and has successfully applied a keen strategic vision coupled with a passion for customer satisfaction. Now as we unite the teams of ULLINK and Itiviti to reach for the next level, we are glad that Torben has accepted to lead the new combined team on this exciting mission.”
A union of equals, Itiviti with ULLINK will immediately be recognized as a powerhouse in capital markets technologies and services. The companies bring similar industry experience to the new organization, each carrying a heritage of technology leadership. The combination will offer customers the industry’s broadest range of solutions and services spanning asset classes and trading applications (high-touch, low-touch, market making, connectivity) based on modern, flexible technology architected for performance and updated to meet latest compliance requirements. The business focus will be on growth and expansion, guided by clients’ demands for a technology partner to support their current and future needs and business strategies.
Chairman Per E. Larsson adds:
"As ULLINK’s CEO Didier Bouillard has elected to leave the company I would like to thank Didier for his significant contributions, including his support for facilitating this merger. I wish Didier all the best in his future endeavors."
CEO Torben Munch comments:
“Entering a new phase as the head of Itiviti’s business, I am fortunate to lead an organization with outstanding credentials, in terms of what ULLINK and Itiviti together bring to the table. With a new team taking shape from our combined pool of talents, I want to share our enthusiasm for this union with all our customers. Ultimately though, this merger will be judged by our delivery. Our products, solutions and the services we provide must validate that we are growing into an even more capable supplier and partner; one that can best satisfy the needs of the customers’ business, enabling their strategic initiatives as well as providing unfaltering daily support to sell-side and buy-side financial institutions. Knowing the eminent qualities of ULLINK and Itiviti, I have every reason to believe we are bound for success in this pursuit.”