Upon the transaction’s completion, TCM will operate as an independent business unit. Currently, TCM supports risk management, regulatory compliance, and capital markets operations through its software solutions such as Kondor, Summit, and Opics, which manage the front-to-back trade lifecycle.

Apax Funds Acquire TCM

Finastra’s decision to sell TCM enhances their portfolio and frees up reinvestment capital for strategic growth in financial services software. This move will provide Finastra with the necessary funds to focus on core business development while ensuring that its platform continues to benefit from long-term technology investment.

Apax Funds were attracted to TCM due to its potential for technology, talent, and customer relationship investments, which can accelerate growth when operating independently. The acquisition aims to support ongoing product development, marketing efforts, and technological infrastructure improvements necessary for meeting customer needs and regulatory compliance.

The Apax Funds’ involvement will enable TCM to concentrate on operational and strategic advancements that improve customer satisfaction and foster technological innovations like cloud solutions. These funds have a proven track record in supporting applications software businesses, including Paycor HCM, Zellis Group, ECi Software, OCS / Finwave, Azentio, EcoOnline, and IBS Software.

The anticipated closing of the transaction is slated for 2026, pending standard conditions and completion of necessary information and consultation processes with employee representatives.