TPG to acquire Eze Castle Software and RealTick from ConvergEx; Newly formed company, Eze Software Group, to acquire Tradar

 TPG to acquire Eze Castle Software and RealTick from ConvergEx; Newly formed
                company, Eze Software Group, to acquire Tradar

Company will be uniquely positioned to provide global investment management
technology solutions for the front, middle and back office

PR Newswire

BOSTON, Jan. 23, 2013

BOSTON, Jan. 23, 2013 /PRNewswire/ --TPG has signed a definitive agreement to
acquire Eze Castle Software, a premier provider of global order management and
related investment technologies, and RealTick, a leading multi‐broker,
cross‐asset electronic execution platform, from ConvergEx Group. This all cash
transaction is expected to close in Q1 or Q2 of 2013. Financial terms were not
disclosed. The newly formed company will be called Eze Software Group.
Following the close of the transaction, Eze Software Group will acquire
Tradar, a supplier of portfolio management and accounting solutions.

Eze Software Group will bring together the comprehensive, industry-leading
product offerings and global market expertise of Eze Castle Software,
RealTick, and Tradar into a single platform, for a seamless workflow from
front to back office. The combined suite and services architecture will enable
investment firms to utilize the full range of products or to select single
functional components.

Tom Gavin, chief executive officer of Eze Castle Software and head of
ConvergEx's Software Platforms, will lead the new company along with the
existing management teams from Eze Castle Software, RealTick, and Tradar.

"Eze Software Group will bring together the global expertise of three
industry-leading products," said Bryan Taylor, partner at TPG. "The new
company is now uniquely positioned to focus on its specialized product
offerings for the front, middle, and back offices. The collective management
team has a long history of success in this space and we look forward to
partnering with them to continue developing innovative technology solutions
for investment managers."

"We are thrilled to partner with TPG in launching Eze Software Group," said
Tom Gavin, CEO of Eze Software Group. "Through this partnership with TPG, and
with the addition of Tradar, we are able to accelerate our vision of building
a world-class investment management solution and to meet the market demand for
a more streamlined workflow across the investment lifecycle. We are excited to
offer our clients a single, fully integrated platform, while remaining
committed to our philosophy of also delivering an open, vendor-neutral
platform. Eze Castle Software and RealTick have enjoyed substantial growth as
subsidiaries of ConvergEx, and our ties will remain strong going forward. We
look forward to maintaining a partnership that will benefit both firms and our

The parties have entered into a marketing agreement, which will ensure that
services from both firms will continue to be offered on an integrated basis.

"As part of ConvergEx Group, Eze and RealTick realized a tremendous amount of
growth and success," said ConvergEx Chairman and Chief Executive Officer
Joseph M. Velli. "As they move forward towards their next chapter, we are
excited to continue our mutually beneficial relationship for the advantage of
all our clients. We wish all our friends at Eze and RealTick the very best."

Upon its launch, Eze Software Group will be a premier provider of global
investment technology to support the front, middle, and back office. The new
company will have a combined 700 employees in 12 offices worldwide and will
serve more than 1400+ global buy-side institutions across North and South
America, EMEA, and Asia Pacific including hedge funds, traditional asset
managers, pension funds, ERISA, and mutual funds.

About TPG
TPG is a leading global private investment firm founded in 1992, with more
than $54.5 billion of assets under management and offices in San Francisco,
Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg,
Melbourne, Moscow, Mumbai, New York, Paris, Sao Paulo, Shanghai, Singapore and
Tokyo. TPG Capital has extensive experience with global public and private
investments executed through leveraged buyouts, recapitalizations, spinouts,
growth investments, joint ventures and restructurings. The firm has extensive
technology expertise with investments that have included Alltel, FIS, Hotwire,
IMS Health, Intergraph, Lenovo, LPS, MEMC, Sabre Holdings, Seagate Technology,
SunGard and Vertafore. For more information visit


For TPG:
Owen Blicksilver PR, Inc.
Lisa Baker
+1 914-725-5949

For Eze Software Group:
Meghan Rocha
Eze Castle Software
+1 617-316-1153

SOURCE Eze Castle Software

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