BornTec and CapitalMarkets.Technology join forces to expand markets
This will allow both companies to transcend their primary markets and broaden their geographic reach with highly complementary product stacks.
BornTec, a software solutions provider for trade data analysis and reporting, and CapitalMarkets.Technology (CM.T), the firm behind the F-I-X platform, have agreed on a reciprocal distribution agreement.
The partnership will have CM.T reselling BornTec’s products in Germany, France, Switzerland, and the Benelux and Nordic regions, while BornTec will resell CM.T’s products and services in the Americas region.
This will allow both companies to transcend their primary markets to broaden their geographic reach with highly complementary product stacks.
BornTec launched its rebuilt flagship product, CrossCheck, providing normalized real-time post-trade data integration to enhance users’ risk and compliance efforts.
CapitalMarkets.Technology empowers their customers with F-I-X, a trading-centric platform built on hybrid-cloud technologies with a number of enterprise-grade business solutions, which aims to challenge the FIX routing technology with an agile connectivity offering.
Peter Mott, V.P. Global Head of Sales for BornTec, said: “We believe there is a great need in the regional markets served by CM.T for best-in-class trade surveillance, regulatory reporting, and post-trade data analytics software, and BornTec can fill that gap. Having had a long and positive relationship with the management team at CM.T, I am confident that this endeavor will create benefits for years to come, both for our companies and especially for customers who will be able to leverage the combined offering of platforms.”
Anders Henriksson, Partner at CapitalMarkets.Technology, commented: “We are looking forward to working together with BornTec. We believe our new and innovative F-I-X offering, combined with BornTec’s stellar reputation and customer reach, will facilitate rapid growth of our solutions in the region.”
BornTec has also hired Dave Sellen, former European e-Futures Sales & Solutions at Wells Fargo, as a sales consultant. He will target BornTec’s CrossCheck to the FCM, broker, and bank community in the APAC region.