Gresham Technologies to acquire Inforalgo for boosting regulatory reporting capabilities

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FinTech Gresham Technologies today announced the acquisition of capital markets data automation specialist, Inforalgo Information Technology Ltd (Inforalgo). The new acquisition will extend Gresham’s Clareti portfolio of cloud services with around 80 adaptors enabling rapid integration to exchanges, ECN’s and multi-lateral trading facilities, and regulatory reporting venues alongside existing Clareti bank integration and financial messaging capabilities.

Ian Manocha, Gresham CEO, commented, “The Clareti platform is established as the industry-leading offering for the control of non-standardised data in financial markets. This acquisition fits with our strategy of extending the range of connectivity, reconciliation, and control services available to our customers. Against the current backdrop of market uncertainty, the whole industry is calling out for more flexible, service-based approaches to regulatory reporting to bring down the costs and better manage complexity.

“We are delighted to welcome the Inforalgo team, customers, and partners to Gresham and excited about taking our combined services to the global market.”

The integration of Inforalgo with Gresham’s Clareti Transaction Control offering will enable firms to benefit from complete end-to-end control of their reporting, including data ingestion and transformation, reconciliation, validation, real-time submission, and sophisticated exception management capabilities.

Phil Flood, Chief Commercial Officer, Inforalgo, added, “Inforalgo sits at the heart of the capital markets ecosystem and is known for its specialised expertise in intelligent automation, straight-through processing, and regulatory reporting technology. Joining Gresham creates significant opportunities for growth and for our customers to access the full scale, reach, and capabilities of the Clareti platform.”

Inforalgo provides cloud-hosted, straight-through-processing (STP) solutions and intelligent automation technologies for financial institutions. It enables customers to benefit from having their complex real-time connectivity delivered as a flexible automated service so they can invest more time in growing their businesses. The company’s services are being used by firms to steer complex regulatory reporting requirements, such as FINRA TRACE, Consolidated Audit Trail (CAT), and MiFID.