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M&A Deal Summary

Portware Acquires Aritas Group

On July 11, 2012, Portware acquired financial services company Aritas Group

Acquisition Highlights
  • This is Portware’s 2nd transaction in the Financial Services sector.
  • This is Portware’s 2nd transaction in the United States.
  • This is Portware’s 2nd transaction in New York.

M&A Deal Summary
Date 2012-07-11
Target Aritas Group
Sector Financial Services
Buyer(s) Portware
Deal Type Add-on Acquisition
Advisor(s) Broadhaven Capital Partners (Financial)

Target

Aritas Group

New York, New York, United States
Aritas Group, Inc. operated Aritas Securities LLC, which was previously known as Pipeline Trading Systems LLC, and served institutional traders as an agency broker, using Alpha Pro, the Algorithm Switching Engine, and the Block Board to provide high quality execution of large orders.

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Buyer(S) 1

Buyer

Portware

New York, New York, United States
Category Company
Founded 2000
Sector Financial Services
DESCRIPTION

Portware, LLC is a developer of broker-neutral, automated trading solutions for global equities, futures, options and FX. With offices in New York, London, Hong Kong, and Hyderabad, Portware works in partnership with its clients to create highly integrated solutions to streamline workflow and increase operational efficiencies on trading desks worldwide. Portware's flagship product, Portware Enterprise, is a fully customizable trade management and execution system for single stock, portfolio, basket, automated and algorithmic trading.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Pipeline Trading Systems

New York City, New York, United States

Pipeline Trading operates the Pipeline Alternative Trading System (ATS), an electronic trading network that allows institutions and brokerage firms to quickly and efficiently trade blocks of stocks with minimal market impact.

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