Torstone Tech grows with Percentile acquisition
Torstone Technology is acquiring Percentile, provider of real-time, cloud-based risk and compliance technology to global financial markets.
“We are excited to make this acquisition”
The Percentile risk management solution will form a component of Torstone’s platform.
The post-trade securities and derivatives processing technology provider hopes to be able to provide a cross-asset, global post-trade offering, including risk and compliance.
“As part of our global strategy we continue to invest in expanding our product offering, leveraging cloud-based technology to improve the client experience,” says Brian Collings, CEO, Torstone Technology. “We are excited to make this acquisition, which will enable us to further augment our cloud service offering in the post-trade space as we continue to expand globally.”
“Percentile continues to innovate and help global financial firms meet the ever-growing demand for more granular, frequent and insightful risk analysis,” says Anthony Pereira, CEO of Percentile.
Torstone recently announced plans to significantly expand its London headquarters to accommodate European business growth, following a revenue increase of over 50% year on year.
