TNS, Virginia to acquire Chicago based market data, connectivity and hosting specialist R2G Services

On 22nd of January, Transaction Network Services announced the acquisition of Chicago based R2G Services in a move to become the unique single supplier for an end to end solutions to satisfy the demanding needs of financial market participants.

Started in 2010, R2G has designed and built a leading market data and managed hosting platform that will extend its market solutions to be offered worldwide. This acquisitions strengthens TNS’ product portfolio and also gives R2G a global reach for its services like never before.

Mike Keegan, TNS’ Chief Executive Offices has been reported saying,

”This acquisition is extremely beneficial as it will impact both of our combined customers. The talented R2G team has built a reputation for excellent customer service and high-quality solutions which utilize some of the lowest latency network routes between key financial data centers.

Since last year, we have developed our managed hosting services and augmenting these with R2G’s network and solutions means we can offer customers a broader choice of exchange co-location facilities and a greater variety of market data services for financial institutions worldwide.”

With a lot of complimentary services between both technology giants, the combined customers of TNS and R2G will experience all of the advantages of being a part of the TNS, including 24-hour support. This will serve as an excellent strategic opportunity to graduate to a global level for R2G Services with its dynamic technology and developing products.

The R2G team brings decades of financial markets experience which increase the girth of industry experts at TNS. This move will ensure that TNS designs solutions that are tailored to customers’ specific needs and address sensitive latency requirements with ease. A lot of collaboration and cooperation has taken place between both to ensure that customers will continue to benefit from the world-class solutions that they expect from TNS and R2G both. Applying their extensive experience in acquisitions TNS looks forward to providing customers with enhanced benefits that this merger creates. TNS will own a Chicago office, and R2G will continue its operations from there.

For more than two decades TNS has been the preferred choice of numerous leading financial organizations when it comes to supplying networking and integrated data services. The robustly secure network which gives mission-critical connectivity to multiple global financial markets, TNS is ready to become a leader with this latest acquisition of R2G.

Jay Richardson

Jay Richardson has been a news writer for last five years. He is also an avid trader. Before joining FinanceStead, he was freelance news editor. Jay started in journalism by editing the foremost magazines and then at FinanceStead, he contributes daily news articles on finance industry and helps to others in curating stories.

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