Torstone Buffs Middle-Office Bona Fides with Percentile Buy
Torstone will add a risk management component to its post-trade platform through its acquisition of the vendor.
Torstone Technology is moving further into the middle office with its acquisition of risk and compliance platform provider Percentile.
Torstone agreed to buy Percentile to bolster its post-trade platform, as the company looks to not only expand its offerings but also move into new customer segments.
Brian Collings, CEO of Torstone, says acquiring Percentile adds needed functionality essential to the back and middle office.
“Our strategy is to be a cross-asset, global offering with horizontal
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