NET2S Group (Euronext NextEconomy: NTS), the enabler of Enterprise connectivity and information assets, and Reuters (LSE:RTR), the global information provider, have announced completion of the transfer of the Reuters Mercury Online and FIX Solutions businesses to NET2S. Reuters Mercury Online is an equities wealth management solution while the FIX solution is a FIX engine and a set of FIX adapters embedding Tibco Software technologies.
The team dedicated to Reuters Mercury Online and FIX Solutions will continue to support and maintain current clients, and will take on any additional custom work and integration related to the two products. NET2S will actively continue to support the business of current clients and propose an enhanced roadmap for future evolution and versions.
NET2S, an international professional services company with comprehensive solutions for the capital market, has successfully been working with Reuters for the past five years.
Bernard Razaghi, NET2S president, says "NET2S commitment to Mercury Online and FIX Solutions clients, and providing the best of breed solutions to Reuters and its clients were the main drivers of the transfer. NET2S is therefore creating a new paradigm in the capital market industry."
Alex Hungate, Chief Marketing Officer at Reuters, comments, "In February, 2003, we announced that we would refocus our Solutions business as part of the Fast Forward program. This deal with NET2S illustrates we are fulfilling this commitment whilst providing service continuity for our customers and a good employer for the transferring employees."