Vhayu Technologies announced today that it has been acquired by Thomson Reuters. Vhayu is the leading provider of enterprise tick data solutions with over 70 customers worldwide. Through its patented Velocity and Squeezer technologies, Vhayu combines software and hardware to provide significant competitive advantages by enabling faster and smarter trading decisions for financial firms concerned with the processing and storage of market data. The terms of the deal for privately-held Vhayu were undisclosed.
Thomson Reuters has been distributing Velocity under the Reuters Tick Capture Engine label for the last four years. During that time, Vhayu developers have deeply integrated Velocity software with Thomson Reuters Market Data System (RMDS) and have devised a single, normalized view for Reuters Real-Time Data and Reuters DataScope Tick History.
Jeff Hudson, ceo at Vhayu, said: “This acquisition brings together technology and content that will generate a powerful new class of solutions for financial services customers. By deeply and seamlessly integrating Thomson Reuters valuable content with the analytics and storage technology of Vhayu, customers will enjoy new solutions that will greatly expand the value of market data.“
Jon Robson, president of Enterprise, Thomson Reuters, said, “Vhayu provides a powerful addition to the Thomson Reuters Enterprise solution stack. Our clients will benefit from this acquisition as a natural enrichment of the proven solutions we deliver for high frequency and advanced quantitative trading, research and analytics. We’re excited to extend the capabilities of our industry leading performance driven data feeds, data management and distribution architecture with Vhayu’s scalable data capture engine. This move further demonstrates Thomson Reuters progressive road map to deliver innovative offerings for clients who run their businesses on our comprehensive suite of content and software services."
Velocity will be an integral component of the Thomson Reuters Quantitative and Event Driven Trading solution which provides the financial community with the necessary tools for pre-trade analytics and trading strategies.
