Exegy, Vela merge; say scale will fuel further acquisitions

Hardware ticker plant appliance vendor Exegy and low-latency datafeed and execution software vendor Vela Trading Systems have closed a deal to merge under the Exegy brand, which will see the companies integrate their hardware and software solutions, expand their trading-related offerings to new asset classes, and potentially acquire other companies, officials say.

The deal is backed by private equity firm Marlin Equity Partners, which has taken over Newspring Capital’s ownership of Exegy, and