Avelacom Bolsters Brazil Presence with ITDN Acquisition
Avelacom Bolsters Brazil Presence with ITDN Acquisition
ITDN will now operate under the new parent’s global team.
Arnab Shome
2021-04-28T10:40:20+00:00
2021-04-28T11:04:06+00:00
Photo: Bloomberg
Financial industry connectivity provider, Avelacom has strengthened its presence in Brazil with the latest acquisition of Sao Paulo-headquartered ITDN Ltd, which is an IT trading infrastructure specialist.
The official announcement on Wednesday detailed that the acquisition will not only help Avelacom’s expansion into Brazil but further into Mexican and South American markets.
“We continue to invest for the long-term in low latency infrastructure across new and developing markets. We believe this is essential to facilitate algorithmic trading and to make markets more accessible for both international and local players,” said Aleksey Larichev, CEO of Avelacom.