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Trading Technologies (TT) has announced that Thoma Bravo will become its new strategic partner alongside current owner 7RIDGE, as the capital markets technology firm prepares for its next phase of growth. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approval. Financial terms were not disclosed.
Thoma Bravo is a global private equity firm with a focus on software investments. TT’s current owner, 7RIDGE, acquired the company in December 2021 and has since supported its transformation into a broad multi-asset platform serving institutional clients worldwide.
“TT is in its strongest position to date to become the operating system for the capital markets”
Justin Llewellyn-Jones, CEO of Trading Technologies, commented, “We’re thrilled to welcome Thoma Bravo to the TT team. The combination of TT’s business and technology experience, 7RIDGE’s deep sector knowledge, and Thoma Bravo’s strategic and operational expertise will truly make us an extraordinary force. With the backing of these two great partners, TT is in its strongest position to date to become the operating system for the capital markets.”
Carsten Kengeter, founder of 7RIDGE, said, “Our confidence in TT’s role within financial markets infrastructure is as strong as ever. TT has come a long way in a very short period of time, and we look forward to guiding the company to the next level with Thoma Bravo. This process attracted deep and wide expert interest in TT. Thoma Bravo brings the fitting ingredients as TT’s and our strategic partner.”
Thoma Bravo said it sees TT as well-positioned to meet growing demand for fast, reliable, and scalable trading solutions across asset classes. A.J. Rohde, Senior Partner at Thoma Bravo, stated, “TT has rapidly evolved into a modern, industry-leading platform with a loyal customer base, and we believe it is poised for meaningful and accelerated growth. There is a compelling market opportunity for TT to meet the growing demand for speed, reliability and next-generation innovation. TT will be better able to capitalize on this opportunity through the expertise, operational rigor and long-term investment that our partnership with 7RIDGE will bring.”
George Jaber, a Principal at Thoma Bravo, added, “Through our collaboration and deep software expertise, we can provide TT with the operational guidance and resources to accelerate innovation and strengthen its market leadership. Together, we will unlock new avenues for company growth while continuing to deliver exceptional value to customers.”
Since being acquired by 7RIDGE, TT has expanded its offerings into additional asset classes and capabilities, delivering Software-as-a-Service solutions that serve banks, brokers, hedge funds, and proprietary trading firms across global markets. The platform now provides services across listed derivatives, fixed income, FX, and cryptocurrencies, with additional functionality including transaction cost analysis, compliance, clearing, post-trade, and infrastructure support.
Houlihan Lokey served as lead financial advisor and Barclays as financial advisor to TT. Proskauer provided legal counsel, and Oliver Wyman advised on market and commercial aspects. Thoma Bravo was advised by Ardea Partners LP and legal firm Goodwin Procter LLP.
The agreement signals confidence in TT’s technology stack and business strategy as it aims to become the backbone infrastructure for trading operations across asset classes and geographies.
