Brady Shareholders Sign Off on Viz Acquisition

Rob Daly
22 Dec 2010

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In a general shareholder meeting this week, shareholders in the metals and commodities trading and risk platform provider Brady voted to purchase Viz Risk Management.

“We see this as a transformational deal for Brady and it is another important step towards becoming the definitive global partner of choice for trading, risk management and settlement solutions across all commodities and energy products,” says Gavin Lavelle, CEO of Gavin Lavelle, CEO of Brady. This is our third acquisition in eighteen months and we have established a successful track record of fast and efficient integration of acquired companies.”

According to Brady officials, Viz’s Elviz ETRM platform will will now be the vendor’s lead product to the energy sector and in time will be combined with its existing offerings as part of the company’s “single source – single view” strategy to provide comprehensive solutions for specialist markets.

This will ensure clients have access to a single trading and risk management solution for the whole lifecycle of all commodities, including metals, soft commodities and energy products, adds a vendor spokesperson.

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