Fusion Systems
 | |
| Type | Private |
|---|---|
| Industry | Financial Services, Automotive, Logistics, Pharmaceutical, Media and Communications, |
| Founded | 2005 |
| Headquarters | Hong Kong |
| Key people | Michael Alfant (Group President) |
| Products | Capital Markets - Raptor, SME - OIB, VoIP - Fusion Asterisk, Business Continuity Planning |
| Revenue | Undisclosed |
| Employees | ~180 (2010) |
| Website | www.fusionsystems.org |
Fusion Systems is an Asia/Pacific technology company. Fusion has offices in Hong Kong, Tokyo and Shanghai. Fusion provides services to several industries, including financial services, automotive, logistics, pharmaceutical and Media and Communications.
Fusion Systems was founded in Shanghai in May 2005[1] by Michael Alfant, Huw Rogers, Vaughan Marks, Changpeng Zhao, Raymond Ribble and Shiro Fujita.
Fusion's consultants work throughout the Asia/Pacific region as well as in New York and London.
Fusion has four divisions: Business/Technology Consulting, Capital Markets Solutions, Software Development and Enterprise Infrastructure Solutions. Capital markets products include Raptor, Asia's Ultra Low Latency Direct Market Access (ULLDMA) electronic trading system used by members of regional stock exchanges and markets including the Tokyo Stock Exchange, Hong Kong Stock Exchange and others. Enterprise infrastructure products include OIB (Office-In-a-Box), a hardware and software based integrated solution which delivers enterprise-grade IT infrastructure to entrepreneurs and small to medium-size companies.
History
A previous instance of Fusion was owned by Michael Alfant and many of the partners of the current firm. Fusion Systems was founded in 1992 in Tokyo as a subsidiary of Fusion Systems Group of New York. A MBO in 1995 took the company independent. The company's key product was a stock trading system named FOX (Fusion Order eXecution) that was sold to many Tokyo Stock Exchange member firms.[2] Fusion estimates, based on the reported market share of TSE members that used FOX, that it processed between 30-50% of the TSE's total volume at the end of the 90s.[citation needed]
The previous Fusion was subsequently acquired by IMRGlobal for $65M in a mixed stock/cash deal in 1999 [3] .
IMRGlobal itself was subsequently acquired by CGI Group in 2001. The old Fusion unit of CGI was then sold to the French trading systems provider GL Trade in April 2002,[4] who continued to sell and support FOX.
References
- ↑ "New WFOEs & JVs Registered in Shanghai". Shanghai Business Review. 2006. Retrieved 2008-03-25.
- ↑ "GL Trade Acquires CGI's Tokyo Unit". Securities Industry News. 2002. Retrieved 2008-03-25.
- ↑ "SEC Filing". SEC. 1999. Retrieved 2008-03-25.
- ↑ "GL Trade Corporate History". GL Trade. 2002. Retrieved 2008-03-25.