Chicago, IL, Release: July 30, 2019. For Immediate Release
Netrix, LLC, a global technology organization today announced the acquisition agreement to sell NetXpress to Transaction Network Services (TNSi). The deal was exclusively advised by Rosenblatt Securities, Inc. and continues the strategic focus of Netrix, LLC to expand product and global presence.
TNS has a successful track record of acquiring firms that strengthen its product position, geographical coverage, and sector focus in the market data, connectivity, and hosting services space. NetXpress will significantly enhance TNS’s derivatives capability delivering lower latency, better cost, and higher reliability to trading clients.
NetXpress was founded in 2016 and provides colocation, data center services, exchange and WAN connectivity globally. The NetXpress low latency architecture employs a unique ULL, Layer1 distribution technology to achieve the lowest latency profile available via a service provider.
Anthony Stanfield, Partner at Netrix Business Holdings, the NetXpress parent company, said about the deal, “We are excited for NetXpress to be joining TNS and look forward to working closely with them in extending their leadership in the financial managed services space.” Mr. Stanfield added, “We thank Rosenblatt Securities for their valuable advice throughout the process. We were pleased with their expertise in bringing quality offers to the table, managing a smooth deal process, maintaining effective communications, and modeling our value to the market. The Rosenblatt team delivered true value to our transaction.”
About Netrix, LLC
Netrix, LLC is a global technology organization with resources in technology creation, design, collaboration, integration, maintenance, and management needs. Its concentration is in the areas of unified communications, mobility, data center, network infrastructure, software development, system services, security services, cloud center solutions, audio & visual, and managed services.
Name: Eric Edmonds, Marketing Director
Organization: Netrix, LLC
Address: 333 W Wacker Dr, Ste. 600, Chicago, IL 60606