PARIS - Monday, June 3rd 2013 [ME NewsWire]
The
Gores Group, a global investment firm, and France Telecom-Orange, a
worldwide telecom operator, announced today that The Gores Group has
completed the acquisition of Etrali, Orange Business Services – Trading
Solutions, a subsidiary of France Telecom Orange. Following the
acquisition the company will be rebranded as Etrali Trading Solutions.
Etrali
Trading Solutions, a global company, headquartered in Paris, France, is
a leading provider of voice and electronic trading infrastructure and
services for the trading communities. These solutions bring additional
value including regulatory compliance solutions incorporating fixed and
mobile voice recording capabilities. Etrali Trading Solutions also owns
and operates a global, state-of-the-art (MPLS) voice and data network
dedicated to the trading industry.
“The Gores Group is very
excited to be the new majority shareholder of Etrali Trading Solutions,
alongside a talented management team. The Company has a rich history of
creating innovative technology with a strong focus on customer service
and we are confident that Etrali Trading Solutions will continue to
capitalise on the growing voice and electronic related opportunities
that exist with its customers. We look forward to partnering with Lionel
Grosclaude and his team to help position the business as a standalone
entity and accelerate its growth, both organically and through
acquisitions,” said Jon Gimbel, Principal of The Gores Group.
Lionel
Grosclaude, Chief Executive Officer of Etrali Trading Solutions stated,
“This is an incredible opportunity for the Company to partner with
Gores. Their exceptional track record and operationally focused approach
will provide the support that Etrali Trading Solutions needs for
continued growth and prosperity. Their ability to invest significant
capital into the business will allow us to broaden our product portfolio
and provide the increasing amount of services that our customers
demand.”
About Orange France Telecom-Orange is one of the world’s
leading telecommunications operators with sales of 43.5 billion euros
in 2012 and has 170,000 employees worldwide at 31 March 2013, including
104 000 employees in France. Present in 32 countries, the Group has a
total customer base close to 230 million customers at 31 March 2013,
including 172 million mobile customers and 15 million broadband internet
(ADSL, fibre) customers worldwide. Orange is one of the main European
operators for mobile and broadband internet services and, under the
brand Orange Business Services, is one of the world leaders in providing
telecommunication services to multinational companies.
With its
industrial project, "conquests 2015", Orange is simultaneously
addressing its employees, customers and shareholders, as well as the
society in which the company operates, through a concrete set of action
plans. These commitments are expressed through a new vision of human
resources for employees; through the deployment of a network
infrastructure upon which the Group will build its future growth;
through the Group's ambition to offer a superior customer experience
thanks in particular to improved quality of service; and through the
acceleration of international development. France Telecom (NYSE:FTE) is
listed on NYSE Euronext Paris (compartment A) and on the New York Stock
Exchange.
For more information (on the internet and on your
mobile): www.orange.com, www.orange-business.com,
www.orange-innovation.tv or to follow us on Twitter: @presseorange.
Orange and any other Orange product or service names included in this
material are trade marks of Orange Brand Services Limited, Orange France
or France Telecom.
About The Gores Group The Gores Group, LLC is
a global investment firm focused on acquiring controlling interests in
mature and growing businesses which can benefit from the firm's
operating experience and flexible capital base. The firm combines the
operational expertise and detailed due diligence capabilities of a
strategic buyer with the seasoned M&A team of a traditional
financial buyer. The Gores Group, which was founded in 1987 by Alec E.
Gores, has become a leading investor having demonstrated over time a
reliable track record of creating substantial value in its portfolio
companies alongside management. Headquartered in Los Angeles, The Gores
Group maintains offices in Boulder, CO, and London. For more
information, please visit www.gores.com.
About Etrali Trading
Solutions Etrali Trading Solutions is a leading provider of convergent
voice and electronic trading infrastructure and services for the
financial communities. Employing over 450 people in major financial
centres, the company is supported by a global partner network of
distributors in 50 countries offering customers round the clock service.
Founded in 1965, Etrali Trading Solutions (formally Orange Business
Services - Trading Solutions) was acquired by The Gores Group, a private
equity firm in 2013. With longstanding experience in the trading
industry, the company brings innovative solutions and the highest
quality services focusing on building long-term partnerships with
customers. It provides optimised solutions over its dedicated trading
network to a community of more than 2,000 network member organisations,
encompassing buy-side and sell side institutions and trading venues.
Etrali Trading Solutions also offers state of the art, flexible, unified
voice trading solutions and compliance products including mobile
recording and business continuity capabilities. Its next generation,
award winning Open Trade turrets feature programmable user interfaces,
touchscreens and instant messaging.
Contacts
Press contacts:
The Gores Group, LLC
Frank Stefanik, (310) 209-3010
Terry Fahn , Sitrick And Company, (310) 788-2850
France Telecom-Orange
(00) 33 1 44 44 93 93
Olivier Emberger
olivier.emberger@orange.com
Sylvie Duho
sylvie.duho@orange.com
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