Eze Software Group Enjoys Stellar Six Months

TPG's move, unveiled in January this year, which saw the Austin, TX-based investment manager snap up the Eze OMS, the RealTick EMS (owned in the past by both Barclays and Chicago-based Townsend Analytics), and Tradar, a London-headquartered portfolio management specialist, could well turn out to be something of a master stroke, given many buy-side firms' preferences for simplifying vendor relationships and rationalising their numbers, while still ensuring they have access to a range of fully integrated best-of-breed platforms supporting all aspects of the trade lifecycle.

Tongues Wagging
While it is undeniable that TPG's decision to acquire the three assets set tongues wagging on both sides of the Atlantic ─ most technology acquisitions tend to be accompanied by speculation and raised eyebrows, but triple acquisitions like this are downright rare ─ what modicum of uncertainty the industry might have felt when the news was first announced, has more than been assuaged by Eze Software Group's stellar first six months in existence. According to the Boston-based vendor, it has added 50 new accounts globally for its Eze OMS; it has added a record 25 new accounts globally for its Tradar PMS, nearly doubling the previous record for quarterly sales of the portfolio management platform; and its RealTick EMS has just recorded its strongest month on record, following two quarters of steady growth in institutional connections.

Eze Software Group also pulled off something of a coup in the recent Waters Rankings by winning two of the most prestigious front-office categories: Eze OMS was voted the best buy-side OMS, while RealTick EMS scooped the award for the best EMS.

According to the Boston-based vendor, it has added 50 new accounts globally for its Eze OMS; it has added a record 25 new accounts globally for its Tradar PMS, nearly doubling the previous record for quarterly sales of the portfolio management platform; and its RealTick EMS has just recorded strongest month on record, following two quarters of steady growth in institutional connections.