just now
Trading Technologies International has secured a new investment partnership between current owner 7RIDGE and software investment firm Thoma Bravo, as the capital markets technology provider prepares for its next phase of growth.
The transaction, expected to close in Q4 2025 pending regulatory approval, follows a comprehensive review of potential investors. Financial terms were not disclosed. 7RIDGE originally acquired Trading Technologies in December 2021.
The Chicago-based company provides technology platforms for end-to-end trading operations across Tier 1 banks, brokerages, money managers, hedge funds, proprietary traders, commodity trading advisors, commercial hedgers and risk managers.
Justin Llewellyn-Jones, chief executive of Trading Technologies
Justin Llewellyn-Jones, chief executive of Trading Technologies, said: “We're thrilled to welcome Thoma Bravo to the TT team. The combination of TT's business and technology experience, 7RIDGE's deep sector knowledge, and Thoma Bravo's strategic and operational expertise will truly make us an extraordinary force. With the backing of these two great partners, TT is in its strongest position to date to become the operating system for the capital markets.”
Carsten Kengeter, founder of 7RIDGE
Carsten Kengeter, founder of 7RIDGE, commented: "Our confidence in TT's role within financial markets infrastructure is as strong as ever. TT has come a long way in a very short period of time, and we look forward to guiding the company to the next level with Thoma Bravo. This process attracted deep and wide expert interest in TT. Thoma Bravo brings the fitting ingredients as TT's and our strategic partner."
Thoma Bravo manages approximately $184 billion in assets as of March 31, 2025, making it one of the largest software-focused investors globally. The firm has acquired or invested in approximately 535 companies over the past two decades, representing roughly $275 billion in enterprise value.
A.J. Rohde, senior partner at Thoma Bravo
A.J. Rohde, senior partner at Thoma Bravo, said: “TT has rapidly evolved into a modern, industry-leading platform with a loyal customer base, and we believe it is poised for meaningful and accelerated growth. There is a compelling market opportunity for TT to meet the growing demand for speed, reliability and next-generation innovation. TT will be better able to capitalise on this opportunity through the expertise, operational rigour and long-term investment that our partnership with 7RIDGE will bring.”
George Jaber, a principal at Thoma Bravo
George Jaber, a principal at Thoma Bravo, added: "Through our collaboration and deep software expertise, we can provide TT with the operational guidance and resources to accelerate innovation and strengthen its market leadership. Together, we will unlock new avenues for company growth while continuing to deliver exceptional value to customers."
Trading Technologies operates as a Software-as-a-Service company delivering solutions across multiple asset classes, functions, workflows and geographies. The platform covers trade execution services across futures and options, fixed income, foreign exchange and cryptocurrencies, alongside data analytics, quantitative trading, compliance, trade surveillance, clearing and post-trade allocation services.
The deal involved multiple advisers, with Houlihan Lokey serving as lead financial adviser and Barclays as financial adviser to Trading Technologies. Proskauer acted as legal adviser while Oliver Wyman provided market and commercial advisory services. Ardea Partners advised Thoma Bravo financially, with Goodwin Procter handling legal matters.
7RIDGE positions itself as a private markets asset manager focused on transformative technology for financial services. The specialised growth equity firm targets companies developing infrastructure to power the global economy.
