Gresham nears completion date of Electra acquisition
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Gresham nears completion date of Electra acquisition 28 May 2021UK Reporter: Maddie Saghir
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Gresham Technologies, real-time solutions for data integrity and control, banking integration, and payments and cash management provider, is set to acquire post-trade automation specialists, Electra Information Systems.
The transaction is expected to complete on 22 June 2021, and Gresham says it represents a significant milestone in Gresham’s growth strategy.
Ian Manocha, CEO at Gresham, says: “We will be taking Electra’s highly respected propositions to investment managers, family offices, hedge funds and other buy-side participants around the world, strengthening our global footprint and presenting exciting opportunities for Gresham and the market – underpinned by the power of the Clareti platform.”
John Landry, CEO at Electra, comments: “Joining Gresham creates significant opportunities to take our technology to international markets and for our customers to access the full scale, reach, and capabilities of the Clareti platform.”
“Combined with Gresham’s deep expertise in providing software solutions for banking and investment management firms and solid reputation for reliable, mission-critical solutions and customer service, we are well-matched to operate globally as one company.”
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