Gresham Technologies has acquired Inforalgo Information Technology, expanding its cloud services and straight-through processing (STP) solutions.
Inforalgo also provides data automation for capital markets, and regulatory reporting capabilities.
The acquisition expands Gresham’s Clareti portfolio of cloud-based solutions that facilitate efficient integration to exchange, electronic communication network, and multilateral trading facilities.
Intelligent data management solutions offered by Inforalgo can help firms meet regulatory reporting requirements, such as the Markets in Financial Instruments Directive, consolidated audit trails, and the Financial Industry Regulatory Authority’s Trade Reporting and Compliance Engine.
Ian Manocha, CEO of Gresham, commented: “This acquisition fits with our strategy of extending the range of connectivity, reconciliation and control services available to our customers.”
“Against the current backdrop of market uncertainty, the whole industry is calling out for more flexible, service-based approaches to regulatory reporting in order to bring down the costs and better manage complexity.
“We are delighted to welcome the Inforalgo team, customers and partners to Gresham and excited about taking our combined services to the global market,” Manocha noted.
Phil Flood, chief commercial officer at Inforalgo, added: “Inforalgo sits at the heart of the capital markets ecosystem and is known for its specialised expertise in intelligent automation, STP and regulatory reporting technology.”
“Joining Gresham creates significant opportunities for growth and for our customers to access the full scale, reach and capabilities of the Clareti platform.”
