NEW YORK et DUBLIN -- (BUSINESS WIRE) -- June 1, 2005 -- ION Trading, fournisseur de premier plan de solutions logicielles haute performance destinées à la négociation sur les marchés obligataires électroniques, a annoncé ce jour l'acquisition de la société new-yorkaise Aurora Software, Inc., fournisseur officiel de systèmes de transaction des pupitres de négociation des bons et obligations du Trésor, titres adossés à des hypothèques et options du gouvernement des États-Unis.
ION Trading Announces the Acquisition of Aurora Software, Inc.
NEW YORK and DUBLIN--(BUSINESS WIRE)--June 1, 2005--ION Trading, a leading provider of high-performance software solutions for trading on electronic fixed-income markets, announced today that it has acquired New York-based Aurora Software, Inc., an established provider of systems for U.S. Treasuries, Mortgages and Options trading desks.
"We are very pleased to announce ION's strategic acquisition of Aurora Software," said Andrea Pignataro, Chief Executive Officer and Founder of ION. "Joining forces with Aurora significantly enhances our product offering and expands our presence in the U.S."
"The Aurora/ION combination is good news for our clients and employees," said Neil Arora, President and Founder of Aurora Software, who will remain as President of the acquired business and join the ION management team. "ION shares Aurora's deep commitment to developing and delivering innovative and effective technology solutions to its fixed income clients, who will now benefit from a more comprehensive set of sophisticated fixed-income trading tools."
"This acquisition will consolidate ION's position as one of the world's leading third-party providers of fixed income trading solutions," said Kenneth T. Schiciano, a Managing Director at TA Associates and a member of ION's Board of Directors. TA invested EUR 35 million ($44 million USD) in ION in June 2004.
About ION Trading
Founded in 1999, ION Trading is a global leader in providing technology that allows clients to integrate and successfully manage trading activities in electronic fixed-income markets. ION is headquartered in Dublin with offices in London, New York, Tokyo, Madrid and Pisa (Italy)
. More information on ION is available at www.iontrading.com.
About Aurora Software
Founded in 1993, Aurora Software, with offices in New York and New Delhi, develops pricing, position keeping and risk management solutions for fixed-income trading desks. More information on Aurora is available at www.aurora-inc.com.
About TA Associates
Founded in 1968, TA Associates is one of the largest and most experienced private equity firms. With offices in Boston, Menlo Park, and London, the firm manages over $6 billion in capital and has invested in more than 350 companies. TA has particular expertise investing in financial technology and financial services companies, including Affiliated Managers Group, AIM Management Group (AMVESCAP), Datek Online Holdings (Ameritrade Holding Corporation), GlobeOp Financial Services, Island ECN (Instinet Group Incorporated), Lava Trading and Thomson Advisory Group (PIMCO). More information about TA Associates can be found at www.ta.com.
Safe harbor statement under the U.S. Private Securities Litigation Reform Act of 1995: Statements made in connection with this release which are not historical fact, such as forward-looking statements concerning future financial performance and growth, involve risk and uncertainties. Such statements are subject to various factors that could cause actual results to differ materially from those set forth in the forward-looking statements. Any forward-looking statements represent the best judgment of ION Trading Group, Aurora Software Inc., and/or TA Associates as of the date of this release. ION Trading Group, Aurora Software Inc., and/or TA Associates each disclaim any intent or obligation to update any forward-looking statements.
Arnold Corporate Communications
Philip Nunes, 617-587-8906
KEYWORD: NEW YORK IRELAND INTERNATIONAL EUROPE
INDUSTRY KEYWORD: SOFTWARE NETWORKING HARDWARE MERGERS/ACQ
SOURCE: ION Trading
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