M&A Deal Summary

Trading Technologies Acquires OpenGamma

On December 17, 2025, Trading Technologies acquired internet software and services company OpenGamma from Allianz X

Acquisition Highlights
  • This is Trading Technologies’ 2nd transaction in the Internet Software and Services sector.
  • This is Trading Technologies’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2025-12-17
Target OpenGamma
Sector Internet Software and Services
Buyer(s) Trading Technologies
Sellers(s) Allianz X
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Gunderson Dettmer (Legal)

Target

OpenGamma

London, United Kingdom
OpenGamma is a fintech company that provides analytics and risk-management solutions for derivatives trading. Its platform offers broad asset-class coverage, enabling users to manage funding, liquidity, and optimisation needs across bilateral, SIMM, and cleared derivatives portfolios in real time. OpenGamma is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Trading Technologies

Chicago, Illinois, United States

Category Company
Founded 1994
Sector Software
DESCRIPTION

Trading Technologies creates professional trading software and solutions for a wide variety of users, including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers, and risk managers. It provides access to the world’s major international exchanges and liquidity platforms via its TT and X_TRADER trading platforms. Trading Technologies was formed in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 ATEO

Paris, France

ATEO is a provider of post-trade solutions for the financial industry, including a global blotter, clearing and matching system, and extensive market connectivity. ATEO was founded in 2000 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Allianz X

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

Allianz X is the growth-oriented investment arm of Germany insurance and financial services company Allianz Group. Allianz X looks to invest in and acquire expansion stage financial and insurance technology companies throughout the world. The Firm has special interest in businesses that can benefit from Allianz's expertise and global reach. Allianz X was formed in 2013 and is based in Munich.


DEAL STATS #
Overall 7 of 7
Sector: Internet Software and Services M&A 6 of 6
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Urgently

Vienna, Virginia, United States

Urgently keeps vehicles and people moving by delivering safe, innovative, and exceptional mobility assistance experiences. The company’s digitally native software platform combines location-based services, real-time data, AI, and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics, and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty. With more than 50 operating partners and an estimated Service Provider Professional Network of 80,000+, it delivers innovative, transparent, and exceptional connected mobility assistance experiences on a global scale. Urgently was founded in 2013 and is based in Vienna, Virginia.

Sell -