Iress, the leading Australian trading technology provider for the financial markets and wealth managers, has acquired market data provider QuantHouse from co-founder and CEO Pierre Feligioni, who will continue to lead the business.
The deal, which is subject to a two-year earnout proviso, will bring EUR 38.9 million (AUD 72.5 million) to the table as the API-based market data firm has grown much in value since its founding in 2005. The company currently operates with a focus on Europe, North America and Asia, and provides over 145 data feeds from exchanges and other data providers to more than 300 buy-side firms and investment banks.