Prime Highlight
- Transaction Network Services (TNS) acquires BT’s Radianz business, aiming to enhance its financial market services and global reach.
- The acquisition is expected to create a leading platform for brokers, financial institutions, and exchanges, leveraging the combined strengths of TNS and Radianz.
Key Facts
- Radianz, established over 20 years ago, connects a global network of financial players and provides key market applications and services.
- The deal is expected to close in H1 2026, subject to customary regulatory approvals, with TNS and BT advised by Evercore, Citi, Jones Day, and Bryan Cave Leighton Paisley.
Background
Transaction Network Services (TNS) has successfully announced the purchase of the business Radianz of BT, with the transaction likely to be finalized in the first half of 2026, with customary regulatory approvals.
Established over 20 years ago, Radianz offers financial information exchange networks and links a global network of brokers, financial institutions, exchanges, and clearing houses with a range of key market applications and services.
TNS, a worldwide supplier in ultra-low latency trading infrastructure and market data services stated that the purchase will increase its range of services to financial market participants. General Manager of TNS Financial Markets, Tom Lazenga added that the synergies of TNS and Radianz will unveil a top offering platform to financial clients across the globe.
Bas Burger, CEO of International at BT, highlighted that the sale allows BT to focus on its core international business of secure multi-cloud connectivity for large organisations, while Radianz enters a new growth phase under TNS.
Managing Director of BT Radianz, Phil Swindle, further commented, the innovative strength of the complementary strengths between Radianz and TNS will open the door to growth and innovation in offering new opportunities to customers.
TNS and BT had financial advisers, namely Evercore and Citi, respectively, and legal counsel of Jones Day and Bryan Cave Leighton Paisley, respectively.
The takeover strengthens the role of TNS as a financial market partners to the financial market players and is a strategic move by both firms to serve the international capital market.
