Gresham Technologies: Completes $38.6m acquisition of Electra Information Systems

Gresham Technologies: Completes $38.6m acquisition of Electra Information Systems

• Gresham Technologies a leading software and services company that specialises in providing solutions for data integrity
• Electra provides award-winning post-trade operations workflow solutions and data services for reconciliation, trade matching, settlement
• First announced in May 2021, the $38.6 million acquisition reinforces market leadership position in reconciliation solutions for financial markets
• This strategic investment follows Gresham’s successful acquisition of Inforalgo Information Technologies in July 2020
• The deal will enable Gresham’s customers to benefit from a rich portfolio of cloud services, covering STP connectivity
• A leading provider of post-trade automation solutions, with a focus on improving efficiency and mitigating risk for buy-side participants