-

ION Investment Group Recapitalizes Broadway Technology

NEW YORK--(BUSINESS WIRE)--ION Investment Group (“ION”) announced a recapitalization of Broadway Technology (“Broadway”), a leading provider of high-performance capital markets solutions, in which ION is acquiring a controlling stake alongside Long Ridge Equity Partners and the Broadway founders.

“Partnering with ION provides the investment to accelerate our product roadmap including workflow automation technology across different market segments and asset classes,” said Tyler Moeller, co-founder and CEO of Broadway.

“This partnership is transformational for Broadway, allowing us to take a much longer-term approach to how we innovate,” said Joshua Walsky, co-founder and CTO of Broadway.

“Broadway’s client-first approach and strong cloud expertise are an excellent complement to our business and their leading offering in FX further augments our recent acquisition of FX low-latency specialist MarketFactory,” said Andrea Pignataro, CEO of ION.

Broadhaven Capital Partners served as advisor to Broadway, and Morgan Lewis was counsel. UBS Investment Bank acted as exclusive financial advisor to ION and Paul Hastings was counsel.

About Broadway Technology

Broadway Technology is a leading provider of high-performance front-office fintech solutions to sell-side and buy-side clients, including more than half of the top 50 banks in the world. To learn more about Broadway Technology, visit www.broadwaytechnology.com.

About Long Ridge Equity Partners

Founded in 2007, Long Ridge Equity Partners is a private investment firm focused on the financial services and business services sectors. Leveraging deep sector knowledge and an extensive network of industry resources, Long Ridge serves as a value-added partner to high-growth businesses. For more information, visit www.long-ridge.com.

About ION Investment Group

ION provides mission-critical trading and workflow automation software solutions, data and analytics to financial institutions, central banks, governments and corporations. For more information, visit www.iongroup.com.

Contacts

For Broadway:
Audra Tiner
Articulate Communications Inc.
atiner@articulatecomms.com
212.255.0081

For Long Ridge Equity Partners:
Annelise Han
ahan@long-ridge.com
212-951-8651

For ION:
press@iongroup.com

Broadway Technology


Release Versions

Contacts

For Broadway:
Audra Tiner
Articulate Communications Inc.
atiner@articulatecomms.com
212.255.0081

For Long Ridge Equity Partners:
Annelise Han
ahan@long-ridge.com
212-951-8651

For ION:
press@iongroup.com

More News From Broadway Technology

Broadway Technology Announces U.S. Treasury Trading Integration with MarketAxess®

NEW YORK--(BUSINESS WIRE)--Broadway, a leading provider of high-performance front-office solutions, today announced it has partnered with MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, to build and support a U.S. Treasury Request for Quote (RFQ) workflow feature in the MarketAxess U.S. Treasuries marketplace. The feature is cu...

Broadway Technology Expands Executive Team, Appoints Michael Chin CEO

NEW YORK--(BUSINESS WIRE)--Broadway Technology, a leading provider of high-performance front-office solutions, today announced it has named Michael Chin as CEO and will appoint him to the board of directors. Chin’s appointment marks the latest phase in Broadway’s long-term strategic growth plan to capitalize on growing market opportunity and continuously deliver high value services to clients. As part of the executive team expansion, Broadway co-founder and board of directors’ member Tyler Moel...
Back to Newsroom