Provider of Software as a Service (SaaS) to the global derivatives community FFastFill has signed an agreement to acquire the trade and assets of technology consulting and software offerings business, WTD Consulting.
The acquitisition strengthens FFastFill’s US-based business and enables the company to complete the customisation required to take its back-office product, Eclipse, into the US market.
FFastFill Consulting will acquire the WTD consulting business asset and US-based subsidiary FFastFill will acquire the product and operation business assets.
The customers of WTD’s Prysm middle-office system for exchange-traded derivatives will continue to be supported by FFastFill while the Prysm functionality is integrated into FFastFill’s Seals NG platform.
Customers using WTD’s popular iDash product will receive similar support, with plans for FFastFill to offer the product as a SaaS offering over time.
FFastFill managing director Ryan McElvogue said WTD has an outstanding reputation based on robust technology, quality individuals and outstanding customer service.
"We are very pleased to welcome these professionals to the FFastFill US team and look forward to continuing this tradition of excellence while expanding the breadth and depth of our US operations," said McElvogue.
WTD CEO David Evans said WTD is proud to join FFastFill and to leverage its technology and services for the benefit of their customers.
"By combining resources and capabilities, the resulting company will provide a broader portfolio of services and products, based on a solid global infrastructure. In very short order, our mutual customers will see the value of our combined vision," said Evans.
