Press Release

About BornTec

About Transaction Network Services (TNS)

Acquisition ensures seamless integration with uninterrupted colocation services and enhanced mission-critical connectivity

RESTON, Va.–(BUSINESS WIRE)–Transaction Network Services (TNS) and BornTec today announced TNS’ acquisition of BornTec’s managed hosting and colocation business. This acquisition continues TNS’ expansion of its global connectivity footprint and builds on previous acquisitions.

For BornTec, the move was strategic. “This divestiture allows us to sharpen our focus on our industry-leading CrossCheck trading data analytics platform, bringing us to the forefront of at-trade and post-trade operational resilience, data intelligence and automation,” said Derek Haworth, CEO of BornTec.

“We’re extending our reach and connectivity with the same white-glove service and single-source support that BornTec’s customers expect”

For TNS, the acquisition expands mission-critical connectivity for TNS’ diverse customer portfolio of exchanges and trading venues, buy- and sell-side institutions, market data vendors, software developers and cloud service providers around the world.

“We’re extending our reach and connectivity with the same white-glove service and single-source support that BornTec’s customers expect,” said Tom Lazenga, General Manager, Financial Markets, TNS. “BornTec is a capital markets visionary, and this acquisition fits seamlessly into TNS’ managed hosting strategy that we embarked on five years ago.”

In 2019, TNS augmented its financial services footprint with the first globally deployed Layer 1 ultra-low latency trading infrastructure. Today, TNS is committed to continuing to scale its capabilities and global presence as evidenced by this acquisition.

“We vetted several acquirer candidates, and, with TNS, we found a partner that shares our customer-centric values,” added Haworth. “We’re confident that our managed hosting customers will be well served within TNS’ global colocation infrastructure.”

BornTec’s managed hosting customers will receive uninterrupted service, and they will also have the opportunity to upgrade to TNS’ Layer 1 connectivity with ultralow 5-85 nanosecond latency for unparalleled trading access within the TNS global exchange community. The transaction closed on March 21, 2023.

TNS brings together over 2,800 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its IaaS portfolio. Its solutions are monitored 24x7x365 by TNS’ Network Operations Centers in the US, UK, Australia, and Malaysia. For further information visit tnsfinancial.com.

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BornTec had an incredibly successful year in which we achieved significant growth and development. The company was able to attract a large number of new clients, which helped to increase revenue significantly. This growth was due to the company’s commitment to providing excellent service and developing innovative solutions to meet the needs of their clients. The company’s dedication to customer service was evident in their continued success in attracting new business.

In addition to our success in attracting new clients, BornTec also made significant progress in furthering the development of Surveillance Compliance and Regulatory Reporting. These are two critical areas for the financial services industry, and BornTec’s commitment to improving our solutions in these areas has helped them to become a leader in the industry. The company’s focus on innovation and technology has allowed us to develop solutions that are both effective and efficient, which has helped gain a competitive advantage over competitors. Overall, BornTec’s successful year can be attributed to the focus on customer service and innovation, which has allowed them to grow and develop in a challenging market.

Recently, BornTec implemented its CrossCheck FIX Hub and data software solution for PhillipCapital UK. This implementation, along with other technology integrations, are part of PhillipCapital UK’s strategy to continue building out its institutional tech infrastructure and pushing towards becoming the UK gateway to the Asian markets. 

As a way to provide more information to their audiences, BornTec CEO Derek Haworth and Jon Regan, CEO of PhillipCapital UK, recently discussed how the two companies complement each other and the benefits that PhillipCapital UK clients will see. The highlights of their conversation are below:

Derek: Jon, I’m glad we could get together today and chat through this new working relationship. Can you start us off by giving a brief description of PhillipCapital UK?

Jon: Likewise. PhillipCapital UK is a London-based member of the PhillipCapital group of companies, headquartered in Singapore. We are a full-service broker offering a full range of services to retail, HNWI, family office, corporate, and institutional clients. PhillipCapital provides our clients with execution and clearing services across a variety of asset classes including exchange-traded futures and options, base metals, FX, and CFDs.

Derek: What brought you and your team to BornTec and our software solutions?

Jon: We were looking for a vendor that could become a long-term partner as we continue our technology infrastructure buildout. PhillipCapital is a technology-focused firm and BornTec was identified as a company that could keep pace with our growing and changing technical needs. We were also looking for a vendor with the agility that our customers demand in order to deliver on short notice.

Derek: We quickly recognized that the integration agility and flexibility you require are an ideal match for our technology stack. As we have all come to find, the future of our businesses is real-time hyper-connectedness, and consequently, if you can’t integrate, you can’t innovate. Our centralized hub for normalizing and distributing real-time post-trade data enables the speed of delivery that you and your customers require. Plugging new applications or customers into the data hub will be seamless. 

In your view, why is now the right time to join together? How will this implementation help streamline processes for PhillipCapital UK and its clients?

Jon: PhillipCapital UK has recently undertaken several initiatives to build out our infrastructure, invest in technology, and grow our product and services offerings. Of course, this is all with an eye to servicing our customers in a more effective way and providing them with best-in-class solutions. We believe that our technology offering, combined with our Asian market coverage through our parent company, Phillip Capital Pte Ltd., gives us a strategic advantage in the institutional space. 

Jon: Speaking of the space, I know you guys keep a close eye on industry trends. I’d be curious to hear about some of the trends you are seeing in the industry right now.

Derek: I think the pace of regulatory enforcement will definitely continue, and probably accelerate, in the coming years. We see this happening today from traditional oversight bodies such as the CFTC and FCA, but we’ve also seen a marked increase in exchange-issued fines and enforcement actions. There’s also the continued trend of vendor consolidation at banks and brokerage houses. And then lastly I’d note that we are seeing a strong interest in the area of post-trade data analysis and monetization. We’ll certainly keep watching to see how these trends pan out.

What’s the future looking like for your team in the UK and as a whole?

Jon: Our main focus now and in the near future is to continue to grow the business — particularly on the institutional side — and the CrossCheck solution is surely playing a major role in that. 

Derek: And, we’re thrilled to be a part of that journey, Jon. Thanks for taking the time to chat today. Looking forward to many more of these!

Jon: The feeling is mutual, Derek. Yes, a great chat and a bright future ahead of us.

To learn more about PhillipCapital UK, please visit https://www.phillipcapitaluk.com/.