Orc, Neonet and CameronTec to be operated as separate companies
Stockholm, Thursday, March 22, 2012 – Orc Group, a leading provider of technology and services for the global financial industry, announced today that the Group will separate its businesses to enable the three operating companies to better focus on their respective product and customer niches. Orc, Neonet and CameronTec will continue its operations as before.
Thomas Bill, CEO of the Orc Group, has decided to leave the company, following a phase where he will be driving the structural separation of the Orc Group into three well-defined and more focused businesses. Thomas Bill will also during a transition period serve as acting CEO of Orc until a successor has been installed.
Thomas Bill has successfully managed Orc Group over the last five years to become the world’s leading trading technology provider. “As CEO of Orc Group, Thomas has been instrumental in driving and accomplishing profitable growth, establishing new territories and implementing strategic initiatives such as the new technical platform for Orc," said Per E. Larsson, Chairman of the Board.
“I am proud over the development of Orc Group during my time as CEO and I am convinced that Orc, Neonet and CameronTec will become stronger and more focused as separate businesses," said Thomas Bill.
For further information, please contact:
Per E. Larsson, Chairman of the Board, tel: +46 8 506 477 79
About Orc Group
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Available as deployed software or as managed services, Orc develops and provides the tools needed for running a profitable trading and brokerage business in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across the EMEA, Americas and Asia-Pacific regions.
Neonet offers professional market participants flexible, independent and transparent execution services based on advanced trading software solutions. Neonet’s services include a comprehensive execution management system, advanced trading algorithms, smart order routing, market data services and a trading desk operated by qualified execution specialists. Neonet does not engage in proprietary trading or any other financial activity that could result in a potential conflict of interest. Neonet serves clients in over 20 countries. Clients include banks, brokerage firms, institutional investors, hedge funds and asset managers.
CameronTec is the the global financial industry’s long-standing provider of FIX infrastructure and connectivity solutions. Its market innovation Catalys takes FIX further and is the new industry reference for FIX ecosystems.
Catalys is based on the industry’s most widely installed FIX engine, CameronFIX. CameronFIX is universally regarded as the reference standard for reliable, mature FIX engine applications. It is the outcome of 14+ year’s continuous investment in performance, scalability, interoperability and robustness. CameronFIX is today used by boutique to larger investment firms, brokerage houses, exchanges and regulators in 25 countries, on all five continents.
Orc Group is owned by Nordic Capital Fund VII.