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Corporation
SOFTWARE (NON-INTERNET/MOBILE) | Green/Environmental Software
allegrodev.com

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Founded Year

1989

Stage

Acquired | Acquired

Total Raised

$40M

About Allegro Development Corporation

Allegro provides commodity management software for power and gas utilities, refiners, producers, traders and commodity consumers.

Allegro Development Corporation Headquarter Location

600 N. Pearl St. Suite 2000

Dallas, Texas, 75201,

United States

214-237-8000

Latest Allegro Development Corporation News

UK watchdog investigates ION’s acquisition of Broadway Technology

Apr 21, 2020

21 April 2020 ION Investment Group’s acquisition of capital markets solutions provider Broadway Technology is under investigation from the UK’s Competition and Markets Authority (CMA). It explains that it wants to check whether such a deal will “result in a substantial lessening of competition within any market or markets in the UK for goods or services”. The CMA adds that it has “reasonable grounds for suspecting that it is or may be the case that ION Trading Technologies Limited, a wholly owned subsidiary of ION Investment Group Limited, and Broadway Technology Holdings LLC (Broadway) have ceased to be distinct”. To assist it with this assessment, the CMA invites comments by 24 April 2020. Its deadline for a phase 1 decision is 7 June this year. Back in February, ION bought a controlling stake in Broadway alongside Long Ridge Equity Partners and the Broadway founders. There were no financial details at the time. “Broadway’s client-first approach and strong cloud expertise are an excellent complement to our business and their leading offering in FX further augments our recent acquisition of FX low-latency specialist MarketFactory,” said Andrea Pignataro, CEO of ION. Broadway offers fintech solutions to sell-side and buy-side clients, “including more than half of the top 50 banks in the world”. For example, it mentions Barclays on its website. The firm was founded in 2003, and has over 170 employees with offices in New York, Austin, London, Waterloo (Canada) and Toronto. ION is an acquisitive firm. Notable deals include Allegro Development Corporation in 2019 and Openlink Financial in 2018. Dublin-based ION provides risk management, securities finance, trade execution, trade processing, and enterprise risk management solutions. Customers on its website include Raiffeisen Bank International and Danske Commodities. Related Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorised as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyse and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. Our Privacy Policy is here .

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Expert Collections containing Allegro Development Corporation

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Allegro Development Corporation is included in 1 Expert Collection, including Oil & Gas Tech.

O

Oil & Gas Tech

557 items

This collection includes companies from upstream, midstream, and downstream sectors of the Oil & Gas industry, as well as companies focused on sustainable fuels. Sectors are tagged by general focus of the company (even if the tech works across sectors).

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