Aurionpro signs definitive agreements to sell its E2E infotech business to long-term partner CameronTec
Aurionpro Solutions, a leading software and consulting services firm, today announced that it has signed definitive agreements to sell its Capital Markets technologies business, E2E infotech, to CameronTec Intressenter AB. CameronTec, a long-standing partner of E2E, is the global standard in connectivity technology and trading infrastructure. E2E provides solutions and services that are fully complementary to CameronTec’s current offerings and is expected to accelerate the growth of the combined company.
The decision by Aurionpro’s Executive Management Team and Board of Directors to approve the transaction was based on a comprehensive review of the company’s corporate strategy and targeted business objectives. Divesting the E2E business will enable the company to focus more sharply on its core business lines.
“While E2E was peripheral to Aurionpro’s core business, it has been a consistently strong performer and has provided industry-leading services and solutions to its Capital Markets customers,” reflected Samir Shah, Aurionpro’s Global COO. “CameronTec’s focus is fully aligned with E2E’s value proposition and the complementary solution set will enable the company to provide an expanded suite of offerings to its combined client base and increase its competitive advantage.”
Anders Henriksson, CameronTec’s CEO, added: “Today’s announcement is a natural and welcome progression resulting from several years of operational collaboration with E2E. This addition fits well with CameronTec’s connectivity and trading business and is in-line with our customer interests. We see good growth opportunities to address both standard and be-spoke solution integrations when supporting CameronTec’s product portfolio.”
The closing of the transaction remains subject to the completion of closing conditions and applicable regulatory approvals.
Aurionpro Solutions (NSE: AURIONPRO) (BSE: 532668) is a publicly traded technology company that helps Fortune 1000 companies to be more efficient through domain-driven software and consulting offerings. Employing more than 1250 individuals across North America, Asia, and Europe, the company has been recognized by Deloitte, Forbes, and the 2011 FinTech 100 as one of the world’s fastest growing technology companies. For more information, visit www.aurionpro.com.
About CameronTec Intressenter AB
CameronTec is the global industry standard in connectivity technology and trading infrastructure that today powers the largest user base among financial institutions. Our solutions are trusted by leading firms in over 50 countries, on all five continents, and our customers today represent a broad cross section of exchanges, regulators, tier 1 and 2 investment banks, brokers, fund managers and a diverse selection of the ISV community. CameronTec’s highly experienced, regionally focused customer service and engagement teams operate from our offices in London, Stockholm, Paris, Frankfurt, New York, Chicago, Hong Kong, Sydney and Mumbai. CameronTec is owned by Nordic Capital Fund VII. www.camerontec.com
For more information, please contact:
Company Secretary, Aurionpro
Tel: + 91 22 6770 7713