Transaction Network Services (TNS) and BornTec today announced TNS’ acquisition of BornTec’s managed hosting and colocation business.
This acquisition continues TNS’ expansion of its global connectivity footprint and builds on previous acquisitions.
For BornTec, the move was strategic. “This divestiture allows us to sharpen our focus on our industry-leading CrossCheck trading data analytics platform, bringing us to the forefront of at-trade and post-trade operational resilience, data intelligence and automation,” said Derek Haworth, CEO of BornTec.
For TNS, the acquisition expands
mission-critical connectivity for TNS’ diverse customer portfolio of exchanges and trading venues, buy- and sell-side institutions, market data vendors, software developers and cloud service providers around the world.
“We’re extending our reach and connectivity with the same white-glove service and single-source support that BornTec’s customers expect,” said Tom Lazenga, General Manager, Financial Markets, TNS. "BornTec is a capital markets visionary, and this acquisition fits seamlessly into TNS’ managed hosting strategy that we embarked on five years ago.”
In 2019, TNS augmented its financial services footprint with the first globally deployed Layer 1 ultra-low latency trading infrastructure. Today, TNS is committed to continuing to scale its capabilities and global presence as evidenced by this acquisition.
“We vetted several acquirer candidates, and, with TNS, we found a partner that shares our customer-centric values,” added Haworth. “We’re confident that our managed hosting customers will be well served within TNS’ global colocation infrastructure.”
BornTec’s managed hosting customers will receive uninterrupted service, and they will also have the opportunity to upgrade to TNS’ Layer 1 connectivity with ultralow 5-85 nanosecond latency for unparalleled trading access within the TNS global exchange community. The transaction closed on March 21, 2023.