Reuters Acquires Diagram, a European Provider of Financial Software Solutions for the Capital Markets
Reuters acquired Diagram fip SA for £42.6 million in cash (Euro 66.9 million) from Caravelle, a French holding company. Diagram’s products will be integrated with Reuters trade and risk management solutions, using Active Enterprise technology supplied by Tibco Software Inc. Already Reuters and Diagram have provided integrated solutions using Kondor+, Reuters risk product for the front offices of financial institutions. Integrated solutions meet the strong demand for Straight Through Processing and Operational Risk Management in the capital markets which link all stages of a transaction from pre-trade analytics and deal capture to clearing, settlement and accounting.