Rumors have been flying for the last couple of weeks that Dublin-based ION Investments Group is about to acquire one of the largest CTRM vendors. Though a name is attached the rumor, we’re going to forego mentioning it at this time as it’s not clear where the negotiations stand or even if the rumored target is accurate or not (though given the numbers of mentions we’ve heard, it seems probable). Regardless of the outcome of this rumor, ION – bolstered by a $400 million minority investment from Carlyle Group in mid-year 2016 – is well armed and motivated to continue their acquisition run in the CTRM space. The privately-held and notoriously publicity-shy ION, founded and lead by former bond trader Andrea Pignataro, is self-described as providing “mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments, and corporates.” They first launched into this market in 2013 with the acquisition of Triple Point and just within the last few months, they’ve announced the purchase of treasury and risk system provider Reval, and CTRM provider Aspect – a deal that closed just a couple of weeks ago. Looking back at the Triple Point acquisition, there’s little doubt that the
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