LSEG to acquire cloud-based technology provider TORA in a $325 million deal

<img width="562" height="338" src="https://www.leaprate.com/wp-content/uploads/2021/08/LSEG.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="LSEG, London Stock Exchange" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2021/08/LSEG.jpg 880w, https://www.leaprate.com/wp-content/uploads/2021/08/LSEG-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2021/08/LSEG-730×438.jpg 730w, https://www.leaprate.com/wp-content/uploads/2021/08/LSEG-230×138.jpg 230w, https://www.leaprate.com/wp-content/uploads/2021/08/LSEG-380×228.jpg 380w, https://www.leaprate.com/wp-content/uploads/2021/08/LSEG-88×53.jpg 88w, https://www.leaprate.com/wp-content/uploads/2021/08/LSEG-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2021/08/LSEG-500×301.jpg 500w" sizes="(max-width: 562px) 100vw, 562px" /><p>Upon completion of the transaction is, TORA will become part of LSEG’s Data &amp; Analytics division.</p>
<p>Andrea Remyn Stone, Group Head, Data &amp; Analytics LSEG, said:</p>
<div><img aria-describedby="caption-attachment-438295" class=" wp-image-438295" src="https://www.leaprate.com/wp-content/uploads/2021/03/Andrea-Remyn-Stone.jpg" alt="Andrea Remyn Stone, LSEG" width="98" height="98" srcset="https://www.leaprate.com/wp-content/uploads/2021/03/Andrea-Remyn-Stone.jpg 400w, https://www.leaprate.com/wp-content/uploads/2021/03/Andrea-Remyn-Stone-150×150.jpg 150w, https://www.leaprate.com/wp-content/uploads/2021/03/Andrea-Remyn-Stone-245×245.jpg 245w" sizes="(max-width: 98px) 100vw, 98px" /><p>Andrea Remyn Stone<br />Source: LinkedIn</p></div>
<blockquote><p>Combining TORA’s multi-asset technology and global expertise with the strength and breadth of LSEG’s Data &amp; Analytics division will create a compelling customer proposition. This acquisition is a great example of LSEG’s strategy to provide customers with a global, multi-asset class financial infrastructure that operates across the capital markets and investment lifecycle as an open ecosystem. I look forward to working with the team at TORA to support customers in their trading activity and grow our businesses together.</p></blockquote>
<p>Robert Dykes, Chief Executive Officer, TORA, commented:</p>
<blockquote><p>I’m delighted that TORA will become part of LSEG. We see this combination as an incredible opportunity to create additional value for clients. Bringing together TORA’s compelling trading solution with LSEG’s wealth of data has the potential to create a powerful toolkit for our customers, enabling them to trade more efficiently. I’m confident that by collaborating with the wider Data &amp; Analytics team, we will innovate further and continue to deliver best-in-class solutions for our customers.</p></blockquote>
<p><a target="_blank" href="https://www.leaprate.com/tag/lseg/" rel="noopener">LSEG</a> recently announced its plans to acquire <a target="_blank" href="https://www.leaprate.com/forex/institutional/lseg-to-acquire-quantile-group-in-a-274-million-deal/" rel="noopener">Quantile Group Limited.</a></p>
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