Virtus Partners Acquires Front Office Financial Technology Firm
Virtus Partners Acquires Alphakinetic
“The flexibility of Glide is ‘best-in-class’ for a front office platform and very compatible with our existing technology stack,” stated Kelly Faykus, Co-Founder and Managing Partner of Virtus. “This deal fits our strategy of investing in capabilities to serve the needs of our clients through every part of the fund management process.”
Virtus provides a comprehensive, integrated suite of front, middle, and back office products and services for alternative assets. Its global offering extends across collateral administration services for structured transactions, middle office outsourcing, syndicated loan data, fund administration, loan agency, and settlements. Today, the company administers over $300 billion in global assets across its platform.
“The deal is a fit at so many levels,” said Jon Hodges, Alphakinetic’s CEO. “Glide is a uniquely flexible proposition for the front office and we have a strong background in credit. We look forward to continuing to drive forward our offering under the Virtus umbrella.” Mr. Hodges will continue in a senior technology role and focus on the expansion of Virtus Partners front office capabilities."
Mr. Faykus added, “By combining the Virtus Partners managed services platform with Alphakinetic’s Glide software, we can provide credit managers with a turnkey cloud-based credit platform. This combination is a major step forward for the credit markets; we are now able to provide a fully integrated platform that covers all aspects of trading from trade order management to clearing for buyside clients. It is transformative.”
About Alphakinetic
Alphakinetic is an established financial technology firm focused on building flexible and scalable software for cross asset trading and risk management. Alphakinetic is based in London. For more information please visit: www.alphakinetic.com.
About Virtus Partners Holdings, LLC
Virtus specializes in tailored middle and back office solutions for fixed income and alternative asset managers looking to outsource or augment their administrative capabilities. Offices are in Houston, Austin, New York, Nanjing, Dublin and London. For more information please visit: www.virtusllc.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170426005258/en/
Website: http://www.virtusllc.com
Contact
Virtus Partners Holdings, LLC
Joe Elston
joe.elston@virtusllc.com
This news is a press release provided by Virtus Partners Holdings, LLC and Alphakinetic. Korea Newswire follows these editorial guidelines.