Thomson Reuters acquires Omnesys Technologies

NEW DELHI, INDIA: Thomson Reuters today announced that it has acquired Omnesys Technologies Pvt. Ltd, a leading integrated provider of sell-side order management systems (OMS) and high frequency trading solutions for Indian exchange traded instruments.

The acquisition of Omnesys Technologies Pvt. Ltd. further extends and complements Thomson Reuters financial market data desktop and feeds offering to the financial industry in India. By combining Omnesys Technologies' market-leading sell-side order management system and high frequency trading capabilities with Thomson Reuters content, analytics, quant and event driven trading infrastructure, the company now offers Indian customers a portfolio of integrated and innovative solutions for exchange traded instruments that are tailored to their market.

Omnesys Technologies' Pvt. Ltd. products range from multi-asset, multi-venue trading systems, Indian market data and connectivity solutions for sell-side firms, focused on institutional, retail and proprietary trading institutions. The main product suite, Omnesys NEST, is a platform of choice for leading institutions, brokerages and exchanges in India.

"The acquisition of Omnesys Technologies Pvt. Ltd. is an exciting step forward in expanding Thomson Reuters regional presence and demonstrates our ongoing commitment to the financial marketplace in India," said Swarup Choudhury, managing director, India, Thomson Reuters. "Thomson Reuters is now able to offer a suite of transaction solutions to sell side institutions and exchanges in India, allowing us to seamlessly integrate this capability with our world-class content and technology. Moreover, it provides us with a new opportunity to service the Indian equities market with a powerful combination of desktop content, analytics, feeds and transaction capabilities," he added.

"Omnesys Technologies Pvt. Ltd. is delighted to have found a strong industry leader in Thomson Reuters that shares a passion for customers and growing business in India," said Shrikant Pandit, CEO of Omnesys Technologies Pvt. Ltd.

Terms and conditions of the acquisition were not disclosed.

Founded in 1997, Omnesys Technologies Pvt. Ltd.is headquartered in Bangalore with offices in Mangalore, Chennai and Mumbai. Shrikant Pandit, managing director, Omnesys Technologies Pvt. Ltd. will continue to lead the Omnesys business and will oversee its integration with Thomson Reuters.

With a presence in India since 1851, Thomson Reuters was one of the first global financial services companies to enter the Indian financial market. Today, Thomson Reuters employs more than 10,000 people in India, its largest employee base outside of the U.S., with key offices and operations located in New Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Ahmedabad. Thomson Reuters has a diversified set of professional businesses in India including Financial and Risk, Intellectual Property & Science, Tax and Accounting and Legal.