Hundreds Leave Fidessa After Ion Acquisition

Current and former employees of the London-based software provider say around 400 employees have left in the last year.

At least 400 employees have left Fidessa in the 12 months since it was acquired by Ion Group, according to six employees of the British financial software company, five of whom left recently. These sources—all of which held managerial positions and are still in contact with former colleagues—agreed that 400 is likely the minimum, with one former manager putting the figure as high as 500.

On July 25, 2018, when the Financial Conduct Authority (FCA) approved the deal, Fidessa’s staffing was about

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