Orange Sells Trading Solutions Business to Gores Group
The firm will rebrand as Etrali Trading Solutions, and operate as a standalone entity. Etrali has already set up a list of potential acquisitions to expand its business, and the Gores Group will help extend the firm's current scope by incorporating new technologies, "something France Télécom was not prepared to invest in," says Lionel Grosclaude, CEO at Orange Business Services ─ Trading Solutions, who will continue his leadership role at Etrali.
Terms of the deal were not disclosed.
"The Gores
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