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The Radianz business will become part of TNS’s global Financial Markets offering.
Transaction Network Services (TNS) has completed its acquisition of BT’s Radianz market connectivity business, which unifies and expands the “access, reach, and service capability” available for financial institutions worldwide, officials say.
The BT Radianz business will become part of TNS’s global Financial Markets offering. TNS is based in Reston, Va.
For more than 20 years, BT Radianz has offered connectivity to trading venues, market data, applications, and counterparties via its network and financial applications, officials say. Its offerings are intended to complement the ultra-low-latency trading, market data, and hosting capabilities of TNS.
“Today marks an important milestone for TNS and our clients as we combine the strengths of two established leaders in financial connectivity,” says Tom Lazenga, general manager, TNS Financial Markets, in a prepared statement.
TNS provides Infrastructure-as-a-Service (IaaS) solutions to the financial, communications, and payments markets, officials say. Its services support organizations across more than 60 countries. In 2021, TNS became a wholly owned subsidiary of Koch Equity Development LLC, the investment and acquisition arm of Koch Industries.
Evercore served as financial adviser to TNS and Jones Day as legal adviser, officials note. Citi served as financial adviser to BT, while Bryan Cave Leighton Paisner served as legal adviser.
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