Add-on Acquisition • Software

TMX Acquires Razor Risk Technologies

On February 28, 2012, TMX acquired software company Razor Risk Technologies

Acquisition Context
  • This is TMX’s 1st transaction in the Software sector.
  • This is TMX’s 1st transaction in the United Kingdom.
Investment Fate
  • Razor Risk Technologies was divested to a consortium of buyers in 2017.

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M&A Deal Summary

Date February 28, 2012
Target Razor Risk Technologies
Sector Software
Buyer(s) TMX
Deal Type Add-on Acquisition

Target Company

Razor Risk Technologies

London, United Kingdom
Razor Risk Technologies is a developer of risk management software for the financial sector. Razor Risk Technologies is based in London, United Kingdom.
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Buyer Overview 1

Buyer

TMX

Toronto, Ontario, Canada

Category Company
Founded 2011
Sector Financial Services
Employees2,090
Revenue 1.5B CAD (2024)
DESCRIPTION

TMX is an integrated, multi-asset class exchange group. TMX Group's businesses operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. It also provide clearing facilities, data products and other services to the international financial community. TMX was founded in 2011 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 2 of 10
Sector: Software 1 of 3
Type: Add-on Acquisition 2 of 8
Country: United Kingdom 1 of 2
Year: 2012 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-29 TMX Atrium

Luxembourg, Luxembourg

TMX Atrium is a provider of low latency connectivity across 12 countries, more than 30 major trading venues, and ultra-low latency wireless connectivity between the Toronto, New York and Chicago metro areas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 The Equicom Group

Toronto, Ontario, Canada

The Equicom Group is a investor relations and financial communications firm.

Sell -