TPG Capital has agreed to acquire two software platform businesses from ConvergEx, consisting primarily of Eze Castle Software and RealTick. Eze Castle's software provider global order management and related investment technologies; RealTick is a multi-broker, cross-asset electronic execution platform. TPG will combine the companies to form Eze Software Group. Once that transaction is closed, the new platform company will acquire Tradar, a supplier of portfolio management and accounting solutions. The combined suite and services provider will enable investment firms to utilize its full range of products or to select single functional components. The deal is expected to close in the first or second quarter of 2013.
Provider of software solutions to the financial industry