TNS to acquire NexXpress
July 30, 2019

Transaction Network Services (TNS) has today announced the acquisition of Chicago-based trading technology provider NetXpress, in a strategic move that it says augments its financial services portfolio with ultra-low latency exchange connectivity at 11 key global locations across North America, Europe, and Asia.

Founded in 2016 by industry experts Scott Feagans and Moshe Siegel, NetXpress provides co-location, data centre services, exchange and WAN connectivity globally. The NetXpress low latency architecture employs a unique ULL, Layer1 distribution technology to achieve the lowest latency profile available via a service provider.

"2019 is proving to be an exciting year for our Financial Services business," said the TNS Chief Executive Officer, Mike Keegan.

"Since acquiring R2G in January, we have expanded our data centre reach, deployed a new dark fibre infrastructure and are establishing TNS as a vendor of record for market data offerings. The acquisition of NetXpress is another step in our plan to be the financial technology partner of choice for all industry players."

Feagans and Siegel will remain with the business and join the TNS Financial Services executive team. Feagans will oversee technology and business development, and Siegal will be responsible for operations and delivery. The NetXpress team will move into the TNS Chicago office.





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Transaction Network Services (TNS) has today announced the acquisition of Chicago-based trading technology provider NetXpress, in a strategic move that it says augments its financial services portfolio with ultra-low latency exchange connectivity at 11 key global locations across North America, Europe, and Asia.

Founded in 2016 by industry experts Scott Feagans and Moshe Siegel, NetXpress provides co-location, data centre services, exchange and WAN connectivity globally. The NetXpress low latency architecture employs a unique ULL, Layer1 distribution technology to achieve the lowest latency profile available via a service provider.

"2019 is proving to be an exciting year for our Financial Services business," said the TNS Chief Executive Officer, Mike Keegan.

"Since acquiring R2G in January, we have expanded our data centre reach, deployed a new dark fibre infrastructure and are establishing TNS as a vendor of record for market data offerings. The acquisition of NetXpress is another step in our plan to be the financial technology partner of choice for all industry players."

Feagans and Siegel will remain with the business and join the TNS Financial Services executive team. Feagans will oversee technology and business development, and Siegal will be responsible for operations and delivery. The NetXpress team will move into the TNS Chicago office.



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