Financial data software co. Vhayu sells to Thomson Reuters
Vhayu Technologies, maker of software and hardware that processes large volumes of financial data to help firms make faster and more effective trading decisions, has been bought by workflow tools giant Thomson Reuters for an unspecified amount, reports VentureWire. Based in Los Gatos, Calif., Vhayu will bring 70 clients with it, as well as $19 million in venture capital raised since 2001 from backers like Menlo Ventures, DB Capital Partners and SVB Capital.
Thomson Reuters has been offering Vhayu’s technology for the last four years, according to PE Wire, which will ease the transition. This product, called Velocity under Vhayu, will be integrated into Thomson’s Quantitative and Event Driven Trading tools for pre-trade analytics.
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