Thomson Reuters acquires Bangalore-based Omnesys Technologies

Sep 16 2013, 15:06 IST
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SummaryThe acquisition further extends Thomson Reuters' financial market data desktop and feeds.

Thomson Reuters today said it has acquired Bangalore-based Omnesys Technologies for an undisclosed amount.

Omnesys is an integrated provider of sell-side order management systems (OMS) and high frequency trading solutions for Indian exchange traded instruments.

The acquisition further extends and complements Thomson Reuters' financial market data desktop and feeds offering to the financial industry in India, it said in a statement.

By combining Omnesys' capabilities with Thomson Reuters content, analytics, quant and event-driven trading infrastructure, the company can now offer Indian customers a portfolio of integrated solutions for exchange traded instruments that are tailored to their market, it added.

"It provides us with a new opportunity to service the Indian equities market with a powerful combination of desktop content, analytics, feeds and transaction capabilities," Thomson Reuters Managing Director India Swarup Choudhury said.

Terms and conditions of the acquisition were not disclosed.

Founded in 1997, Omnesys is headquartered in Bangalore with offices in Mangalore, Chennai and Mumbai. Its Managing Director Shrikant Pandit will continue to lead the Omnesys business and oversee its integration with Thomson Reuters.

With a presence in India since 1851, Thomson Reuters today employs more than 10,000 people in the country, its largest employee base outside of the US, the statement said.

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