Transaction Network Services (TNS) today announced the acquisition of Chicago-based market data, connectivity and hosting specialist R2G Services.
With this acquisition, TNS is now a unique full-service managed infrastructure provider that can meet the demanding needs of financial market participants through a single supplier relationship.
Founded in 2010, R2G has designed and built an industry leading market data and managed hosting platform. Acquiring R2G strengthens TNS’ portfolio of these services as well as enables the R2G solutions to be offered worldwide.
Mike Keegan, TNS’ Chief Executive Officer, said: “This acquisition is extremely exciting as it will benefit all of our combined customers. The talented R2G team has built a reputation for excellent customer service and high-quality solutions which utilize some of the lowest latency network routes between key financial data centers.
“In the last year, we have strengthened our managed hosting services and augmenting these with R2G’s network and solutions means we can now offer customers a broader choice of exchange co-location facilities and a greater variety of market data services.”
Stefano Durdic, Managing Director at R2G, said: “We’re proud of what we have achieved and look forward to offering our technology on a global scale. We see this acquisition as a fantastic strategic opportunity that gives us access to the resources we need to take that next step and offer our loyal customers all of the advantages of being part of TNS, including 24-hour support. TNS’ portfolio of services is largely complementary so we can provide a wider range of services to our combined customers.”
Combining the TNS and R2G solutions creates a compelling service offering, and TNS expects to attract new customers that demand the lowest possible latency.
“The R2G team brings to TNS decades of experience in the financial markets which deepens our pool of industry experts. This expertise will help to ensure the solutions we design for customers are tailored to their specific needs and address even the most latency sensitive requirements,” said Keegan.
“A lot of collaboration and close cooperation has occurred over the last few months between our companies to ensure that customers will continue to enjoy the world class performance they expect from both TNS and R2G. We have extensive experience in quickly integrating businesses we acquire without impacting existing services and look forward to providing customers with the enhanced benefits that this merger will create.”
With this acquisition TNS will now have a Chicago office, and the R2G team will continue to be based there.
TNS has been a preferred supplier of networking and integrated data services to many leading financial organizations for more than two decades. TNS’ robust secure network is relied on by the global financial markets for mission-critical connectivity to multiple diverse trading partners, including many of the world’s most prominent and influential buy- and sell-side institutions, market data and software vendors, exchanges and alternative trading venues