Backed by its majority owner, Alveo, a financial data management software provider, completed a merger with Gresham Technologies, a UK-based fintech provider. The deal was worth a reported £146.7 million.
The new business will be known as Gresham and will be headquartered in London with operations around the world, including a significant presence in North America. Ian Manocha, formerly CEO of Gresham Technologies, will be the CEO of the combined business, and Mark Hepsworth, formerly CEO of Alveo, will be chairman of the board.
Both companies specialize in data management software and the merger is expected to create significant scale.
