M&A Deal Summary

Broadway Technology Acquires Barracuda FX

On April 2, 2019, Broadway Technology acquired information technology company Barracuda FX

Acquisition Highlights
  • This is Broadway Technology’s 1st transaction in the Information Technology sector.
  • This is Broadway Technology’s 1st transaction in Ireland.

M&A Deal Summary

Date 2019-04-02
Target Barracuda FX
Sector Information Technology
Buyer(s) Broadway Technology
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
McCann FitzGerald (Legal)

Target

Barracuda FX

Dublin, Ireland
Barracuda FX is an FX specialist, singularly focused on the order management space developing the functional capabilities, technology platform, and service infrastructure to meet the needs of the demanding modern FX market. Barracuda offers two solutions for FX Banks. Its core OMS is used by the majority of Tier 1 FX banks, whilst OMSCloud, a cloud-based solution, offers regional and national banks active in the FX market a quality, affordable and robust OMS technology solution.

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Buyer(S) 1

Buyer

Broadway Technology

New York, New York, United States

Category Company
Founded 2003
Sector Information Technology
DESCRIPTION

Broadway Technology is a provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo. Broadway's solutions handle over $100 trillion of trading volumes annually within the fixed income and foreign exchange markets. Broadway Technology was founded in 2003 and is based in New York.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2019 M&A 1 of 1