ETRALI
3.6.2013 13:29:23 CEST | Business Wire | Pressemeddelelse
The Gores Group, a global investment firm, and France Telecom-Orange, a worldwide telecom operator, announced today that The Gores Group has completed the acquisition of Etrali, Orange Business Services – Trading Solutions, a subsidiary of France Telecom Orange. Following the acquisition the company will be rebranded as Etrali Trading Solutions.
Etrali Trading Solutions, a global company, headquartered in Paris, France, is a leading provider of voice and electronic trading infrastructure and services for the trading communities. These solutions bring additional value including regulatory compliance solutions incorporating fixed and mobile voice recording capabilities. Etrali Trading Solutions also owns and operates a global, state-of-the-art (MPLS) voice and data network dedicated to the trading industry.
“The Gores Group is very excited to be the new majority shareholder of Etrali Trading Solutions, alongside a talented management team. The Company has a rich history of creating innovative technology with a strong focus on customer service and we are confident that Etrali Trading Solutions will continue to capitalise on the growing voice and electronic related opportunities that exist with its customers. We look forward to partnering with Lionel Grosclaude and his team to help position the business as a standalone entity and accelerate its growth, both organically and through acquisitions,” said Jon Gimbel, Principal of The Gores Group.
Lionel Grosclaude, Chief Executive Officer of Etrali Trading Solutions stated, “This is an incredible opportunity for the Company to partner with Gores. Their exceptional track record and operationally focused approach will provide the support that Etrali Trading Solutions needs for continued growth and prosperity. Their ability to invest significant capital into the business will allow us to broaden our product portfolio and provide the increasing amount of services that our customers demand.”
About Orange
France Telecom-Orange is one of the world’s
leading telecommunications operators with sales of 43.5 billion euros in
2012 and has 170,000 employees worldwide at 31 March 2013, including
104 000 employees in France. Present in 32 countries, the Group has a
total customer base close to 230 million customers at 31 March 2013,
including 172 million mobile customers and 15 million broadband internet
(ADSL, fibre) customers worldwide. Orange is one of the main European
operators for mobile and broadband internet services and, under the
brand Orange Business Services, is one of the world leaders in providing
telecommunication services to multinational companies.
With its industrial project, "conquests
2015", Orange is
simultaneously addressing its employees, customers and shareholders, as
well as the society in which the company operates, through a concrete
set of action plans. These commitments are expressed through a new
vision of human resources for employees; through the deployment of a
network infrastructure upon which the Group will build its future
growth; through the Group's ambition to offer a superior customer
experience thanks in particular to improved quality of service; and
through the acceleration of international development.
France
Telecom (NYSE:FTE) is listed on NYSE Euronext Paris (compartment A) and
on the New York Stock Exchange.
For more information (on the internet and on your mobile):
www.orange.com
,
www.orange-business.com
,
www.orange-innovation.tv
or to follow us on Twitter:
@presseorange
.
Orange
and any other Orange product or service names included in this material
are trade marks of Orange Brand Services Limited, Orange France or
France Telecom.
About The Gores Group
The Gores Group, LLC is a global
investment firm focused on acquiring controlling interests in mature and
growing businesses which can benefit from the firm's operating
experience and flexible capital base. The firm combines the operational
expertise and detailed due diligence capabilities of a strategic buyer
with the seasoned M&A team of a traditional financial buyer. The Gores
Group, which was founded in 1987 by Alec E. Gores, has become a leading
investor having demonstrated over time a reliable track record of
creating substantial value in its portfolio companies alongside
management. Headquartered in Los Angeles, The Gores Group maintains
offices in Boulder, CO, and London. For more information, please visit www.gores.com
.
About Etrali Trading Solutions
Etrali Trading Solutions is a
leading provider of convergent voice and electronic trading
infrastructure and services for the financial communities. Employing
over 450 people in major financial centres, the company is supported by
a global partner network of distributors in 50 countries offering
customers round the clock service. Founded in 1965, Etrali Trading
Solutions (formally Orange Business Services - Trading Solutions) was
acquired by The Gores Group, a private equity firm in 2013. With
longstanding experience in the trading industry, the company brings
innovative solutions and the highest quality services focusing on
building long-term partnerships with customers. It provides optimised
solutions over its dedicated trading network to a community of more than
2,000 network member organisations, encompassing buy-side and sell side
institutions and trading venues. Etrali Trading Solutions also offers
state of the art, flexible, unified voice trading solutions and
compliance products including mobile recording and business continuity
capabilities. Its next generation, award winning Open Trade turrets
feature programmable user interfaces, touchscreens and instant messaging.
Contact:
Press contacts:
The Gores Group, LLC
Frank
Stefanik, (310) 209-3010
Terry Fahn , Sitrick And Company, (310)
788-2850
or
France Telecom-Orange
(00) 33 1 44 44
93 93
Olivier Emberger
olivier.emberger@orange.com
Sylvie
Duho
sylvie.duho@orange.com
Link:
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