IRESS announces acquisition of international market data provider QuantHouse
London, 31 May 2019: IRESS today announced it has acquired QuantHouse, a leading international provider of market data and trading infrastructure.
IRESS is a leading technology company providing software for financial services, including for trading and market data, investment management and financial advice. IRESS is a publicly listed company on the Australian Securities Exchange (IRE.ASX) with a market cap of 2.5B AUD and employing 1,850 people across the UK, South Africa, Canada, Australia, New Zealand and Asia.
QuantHouse operates internationally, with a focus on Europe, North America and Asia, providing more than 145 data feeds from exchanges and other data providers to clients globally.
IRESS CEO Andrew Walsh said: “We welcome the QuantHouse team to IRESS. QuantHouse reflects IRESS with its international, strong and entrepreneurial approach. All QuantHouse employees, including senior management, have been retained and will be a core part of the IRESS team. QuantHouse’s highly regarded team of experts will help IRESS further strengthen the products and services we provide to our clients. In addition, the introduction of IRESS will broaden QuantHouse’s current offer to its clients.”
“The QuantHouse team and my-self are very excited to be a part of IRESS,” added Pierre Feligioni, CEO and co-founder, QuantHouse. “All together, we can continue to innovate by growing our respective product scope and further developing new generation of services for the best interest of both IRESS and QuantHouse clients and partners. By working together, we will speed up innovation and uncover new ways to create value.”
“The combined businesses will give us greater scale and capability, which we will look to leverage for both efficiency and revenue growth through increased new partners and customer wins.” concluded Andrew Walsh, IRESS CEO.
IRESS designs, develops and delivers technology for the financial services industry. IRESS has operations in Australia, New Zealand, the United Kingdom, South Africa, Canada, and Asia. www.iress.com / @iress
QuantHouse provides end-to-end systematic trading solutions. This includes ultra-low latency and consolidated market data solutions with QuantFEED, algo-trading development framework with QuantFACTORY and proximity hosting and order routing services with QuantLINK. For more information, please visit quanthouse.com, follow us on Twitter @quanthouse or visit our LinkedIn Page.