Wednesday, August 12, 2015

CSC To Acquire Fixnetix, A Leading Managed Solutions Provider

IT solutions provider CSC announced plans to buy Fixnetix, a leading provider of front-office managed trading solutions in capital markets. Financial terms of the deal were not disclosed.

The proposed deal will enable the Virginia-based CSC to offer capital market clients an expanded range of as-a-service front office capabilities and will strengthen its ability to address growing client demand for greater efficiency and innovation in trading, market data and risk management. 

Based in London, Fixnetix is a leading managed solutions provider. It streamlines front-office management and trading systems operations, market information systems and related technology infrastructure. Fixnetix's biggest shareholder is venture capital firm Delta Partners.

Steve Hilton, executive vice president, Global Infrastructure Services at CSC, said in a statement: “Fixnetix will be a key component to the implementation of our infrastructure strategy and will advance CSC as a leader in providing managed services to capital markets firms throughout the world”, and also added this: “Our mission is to provide next-generation IT platforms and IT utility services that reduce cost and modernize industry services for our clients.” 

The deal, which subject to customary conditions, is expected to close in the third quarter of 2015. 

Image Credit: MoneyScience

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