The deal is expected to close in the fourth quarter of this year. Eze software group is a premier provider of global investment technology to support the front. The company manages investment funds specializing in growth capital, venture capital, real estate, private equity. Exactech develops and markets orthopaedic implant devices, related surgical instruments and biologic materials and services to hospitals and physicians. Eze software group was founded in jan 20 by the acquisition and merger of eze castle software and realtick by tpg capital. Tpg is buying eze castle software, a provider of order management and related investment technologies, and realtick, a multibroker, crossasset electronic execution platform. Tpg to acquire eze castle software and realtick from convergex. Tpg is to acquire eze castle software, a provider of global order management and related investment technologies, and realtick, a multibroker, crossasset electronic execution platform, from convergex group. John is a director of eze software and rcn telecom, a board observer at greensky credit and vice media, and was involved in the firms investment in spotify. Eze software is a leading global provider of investment management solutions.
Convergex announces definitive agreement to sell eze castle. The client service teams at ssc eze are great jobs to start your career. All content is posted anonymously by employees working at eze software. Technology focused private equity investing representative investments included. The newly formed company will be called eze software group. Annual report on eze software groups revenue, growth. Eze castle provides global order management and related investment technologies, while realtick provides a multibroker, crossasset. Ssnc, has entered into a definitive agreement to acquire the company from its previous owner, tpg capital the private equity platform of global alternative asset firm tpg.
Jan 23, 20 convergex holdings announced today the sale of its software platform business, consisting primarily of order management services provider eze castle software llc and execution management services provider realtick llc, to an affiliate of private equity firm tpg capital. Fenwal is one of the worlds largest suppliers of products and services to the transfusion medicine industry. White and williams represents financial technology company. Hirji is also on the board of advent software, inc. Eze softwares competitors, revenue, number of employees, funding and acquisitions eze softwares website eze is a saasbased platform that provides investment management solutions for businesses. If you like what you see, our sales team will be happy to walk you through the solutions that can make eze your platform for growth. In something of a coup, esg, owned by fort worth, texasbased private equity firm tpg capital, acquired a pair of key frontoffice toolsthe eze oms and the realtick emsfrom the convergex stable in january 20. Realtick is a multibroker, crossasset electronic execution platform. Wilson was an investment banker at morgan stanley in their technology group and financial sponsors group. Ssnc, has entered into a definitive agreement to acquire the company from its previous owner, tpg capital. Eze software group is a premier provider of global investment technology to support the front, middle and back office.
Eze castle software is a part of bny convergex group, which provides global agency brokerage and investment technology solutions. Immediately following, the newly formed eze software group acquired tradar. Tpg to acquire eze castle software and realtick from. Eze software s awardwinning investment suite features a set of fully integrated applications that provide firstclass asset management functionality to streamline the investment lifecycle. The new entity, eze software group, announced it will acquire tradar, a supplier of portfolio management. Eze was acquired by tpg capital in 20 from convergex group. Tpg buying eze castle software, realtick businesses. The transaction brought together the power of eze oms, realtick ems and. Tpg capital has beefed up its tech portfolio with the acquisition of two investment management software systems from private equitybacked convergex holdings llc that will merge, then gobble up. Eze software provides leading investment technology to power investment operations, maximizing efficiencies across order management, trade. Eze software provides operations software for investment management firms.
Eze software group is a marketleading provider of front, middle, and back office software solutions to buyside institutions in over 30 countries. Tpg buys, merges convergex investment software cos. Financial terms of the allcash deal were not disclosed. While eze software group is new, the solutions that we offer have a long and rich heritage. The new company is now uniquely positioned to focus on its specialized product offerings for the front, middle, and back offices. Eze software group 12 farnsworth st boston, ma computer. Companies may grow organically or through acquisition. Jan 23, 20 tpg is buying eze castle software, a provider of order management and related investment technologies, and realtick, a multibroker, crossasset electronic execution platform. Tpg is a private equity and venture capital company specializing in incubation, early stage, poststartup, growth capital, turnaround, joint ventures, spinouts, special situations, recapitalization, expansion capital, restructurings, buyins, buyouts, and investments in middle market distressed companies. Eze software is a leading global provider of investment management solutions designed to optimize operational and investment alpha throughout the entire investment process. As part of convergex group, eze and realtick realized a tremendous amount of growth and success, said convergex chairman and chief. Convergex to sell eze castle software and realtick to tpg.
Eze software group s fastest growing competitors these companies are in the same general field as eze software group and are rapidly expanding. Bny convergex group serves hedge funds, corporations, dealers and asset managers. Jeff wilson, senior vice president, vista equity partners. We began operations as an independent company in april 20 when realtick and eze castle software were acquired by tpg. You will work in high pressure situations, learn sql, etl, tech and soft skills, and build a solid skill set that will eventually take you to a better company with better pay. After the close of the transaction, eze castle software and. Tpg capital has agreed to sell bostonbased eze software. Newly formed company, eze software group, to acquire tradar company will be uniquely positioned to provide global investment.
The firms services encompass implementation, product support, project management, managed services, and sellside services. Contact us to get a better understanding of what we do and how we can help you and your firm. John is a director of eze software and rcn telecom, a board observer at greensky credit and vice media, and was involved in. Jan 23, 20 convergex is selling eze castle software and realtick to private equity firm tpg capital.
Currently, he occupies the position of chief executive officer of coinbase, inc. O said on tuesday it would buy eze software from tpg capital for. Eze castles software provider global order management and related investment technologies. Please note that while the eze software group and eze castle integration retain a similar brand name, the two companies are no longer affiliates and no longer share material common ownership. Eze software group will bring together the global expertise of three industryleading products, said bryan taylor, partner at tpg. It specializes on providing office solutions to buyside and sellside asset managers. Eze software group is a privately held, private equity backed software company. Tpg capital has extensive experience with global public and private.
Eze software is a leading global provider of investment management solutions designed to optimize. Eze software group americas eze software group is a marketleading provider of front, middle, and back office software solutions to buyside institutions in over 30 countries. Advent software, domo, eze software group carveout from convergex holdings and sutherland global services. Convergex holdings announced today the sale of its software platform business, consisting primarily of order management services provider eze castle software llc and execution management services provider realtick llc, to an affiliate of private equity firm tpg capital. Hes departing tpg before it starts its next private equity fund in 2018, people with knowledge of the matter said, asking not to be. Eze software group llc provides software based investment technology solutions. In some cases apparently high growth rates may be caused by data that werent available in previous years. Company will be uniquely positioned to provide global investment management technology solutions for the front, middle and back office tpg has signed a definitive agreement to acquire eze castle software, a premier provider of global order management and related investment technologies, and realtick, a leading multi. Eze software group today announced the completion of its launch as an independent provider of global, multiasset class investment technology. The new entity, eze software group, announced it will acquire tradar, a supplier of portfolio management andread more. Eze software group is a marketleading provider of front, middle, and back office. Tpg capital has agreed to sell bostonbased eze software to.
Eze software has developed investment management software solutions. The transaction brought together the power of eze oms, realtick ems and tradar. The deal will see tpg form eze software group, a platform that consists of convergexs eze castle software, a software provider to asset managers and financial intermediaries, and realtick, the. Eze software group begins operations following completion. Convergex announces definitive agreement to sell eze castle software and realtick businesses to tpg. Tpg capital has agreed to acquire two software platform businesses from convergex, consisting primarily of eze castle software and realtick. Jan 25, 20 tpg capital has agreed to acquire two software platform businesses from convergex, consisting primarily of eze castle software and realtick.
Convergex announces definitive agreement to sell eze. Annual report on eze software groups revenue, growth, swot. It has partnerships with avondale partners, citigroup and fidelity capital markets services. Applications can be combined together for a seamless fronttoback workflow, used standalone, or integrated with other thirdparty systems. Convergex is selling eze castle software and realtick to private equity firm tpg capital. Tks solutions, llc, a new yorkbased provider of financial industry accounting tools, signed a definitive agreement to be acquired by eze software group, a provider of global financial technology.