Torstone Technology acquires Percentile


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Post-trade securities and derivatives processing technology provider Torstone Technology has announced that it has signed a definitive agreement to acquire Percentile.

Torstone has recently announced that it has expanded its London headquarters, following a revenue increase of over 50% year on year. The next step in the company’s expansion is Percentile’ acquisition, giving the firm the ability to provide a full-service, cross-asset, global post-trade offering, including risk and compliance.

Percentile provides real-time, cloud-based risk and compliance technology to global financial markets and its risk management solution will form a component of Torstone’s platform. Percentile’s flagship product, RiskMine, drives alignment between trading desks and risk management.

Brian Collings, CEO, Torstone Technology said:

As part of our global strategy we continue to invest in expanding our product offering, leveraging cloud-based technology to improve the client experience. Torstone Technology and Percentile have long been closely aligned in terms of company culture and values, as well as our approaches to solution development, and emphasising the benefits of agile, future-proof technology. We are excited to make this acquisition which will enable us to further augment our Cloud service offering in the post-trade space as we continue to expand globally.

Anthony Pereira, CEO of Percentile, commented:

Percentile continues to innovate and help global financial firms meet the ever-growing demand for more granular, frequent and insightful risk analysis. We are proud of our successes achieved to date and look forward to supporting Torstone’s global growth by helping them form a holistic solution that responds to the industry’s need for an integrated post-trade system, as well as helping firms handle their future risk requirements.

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Torstone Technology acquires Percentile

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