Next event:

The QA Financial Forum: Chicago 2018

25 April, 2018
News and research on financial software quality assurance and risk management

Nordic Capital looking to sell Itiviti for $500 million

15 September 2016
Swedish FIX infrastructure provider signs deal with Italian bank for testing solution.

Scandinavian private equity firm Nordic Capital is looking to sell Stockholm-based firm Itiviti for $500 million. The Swedish company specialises in financial messaging infrastructure. Bloomberg reported that Morgan Stanley has been engaged to find a buyer.

Itiviti is the result of a recent between Orc Group, a provider of trading and electronic execution software, and CameronTec Group, a financial messaging infrastructure and connectivity firm. Three years ago CameronTec acquired Greenline Financial, the supplier of the widely used VeriFIX protocol testing software.

The announcement comes on the heels of a deal that the Itiviti closed with the Italian Banca Akros, the investment and private banking subsidiary of Banca Popolare di Milano. The bank has chosen Itiviti tools for its quality assurance process.

The bank will use VeriFIX testing, MagniFIX monitoring, and MetriFIX measurement tools to build test environments for trading system development and testing. Automated testing will use historical and simulated client data. The technology will also give the bank real-time measures of latency and historical data on message flow.

“As Banca Akros enters the next growth phase, we are pleased to work with Itiviti to leverage their superior monitoring, metrics capture, testing and emulation solutions for greater business insight and trading efficiencies,” said Alessandro Caffarra, responsible for the trading technology systems across Banca Akros. “We also appreciate that Itiviti enables us to add a key new functional element to our technology stack, while staying with a trusted supplier and partner,” he added.

The QA Vector 500: your route to the right partner

Looking for a quality assurance, IT risk, or testing partner? Then you need access our expertly researched resource tracking the most important 500 service providers, from the largest to the most specialist.

Sign up now

Get the latest
by email

Newsletter Sign-Up
First Name*
Last Name*
Email*

I understand my contact details will be entered into your database and used to contact me by email with QA Financial's newsletter. See our privacy policy here.

Opted-in to receive newsletter
Source - newsletter sign-up form