About ION
ION is a Technology company based in Horsham (United States) founded in 1992, and was acquired by ION Trading in January 2013. Capital markets portfolio management software is provided for banks. It operates on a SaaS (Software-as-a-Service), Managed Services, and FinTech model in Technology and Financial Services sectors. The company has 1 employees. Its chief executive, as recorded, is Scott Newcomb. The company was acqui-hired. ION offers products and services including Fidessa, XTP Execution, Anvil Execution, Barracuda FX, and LatentZero OMS. Its focus areas include Financials, Capital Markets, Trading Technology and Software. Its competitors include Modern Treasury, GAIN Capital and Kyriba; 3 of its 3 listed competitors have raised funding.
Company details
ION is recognized for delivering trading and risk management solutions across various asset classes including equities, fixed income, foreign exchange, cleared derivatives, secured funding, and asset management. Operations are unified from front to back, simplifying processes and automating the complete trade lifecycle. Operational risk is reduced through innovative technology, and actionable insights are offered in real time. Sectors served include financial institutions, government entities, and central banks. With decades of experience, standards for performance and resilience in capital markets technology are continuously elevated by ION.
- Headquarters Horsham, United States
- Employees 1
- Stage Acquired
- SectorsTechnologyFinancial Services
- Website finsoftware.com
- Social LinkedIn X Facebook
- Acquired by ION Trading (Jan 2013)
- Legal Name Ion
- Date of Incorporation 23 Nov, 2012
- Jurisdiction Hyderabad, Telangana, India
- Indian entity revenue₹75,855
FY 2017
- Indian entity net loss-₹2.5 Lakh
FY 2017 · -330% margin
- Indian entity EBITDA-₹2.4 Lakh
FY 2017 · -315% margin
- Investors
- Employee Count1
- Acquired byION Trading
(Jan 2013)
Associated legal entities of ION
ION operates through Hyderabad Spectrum Finsoftware Services Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hyderabad Spectrum Finsoftware Services Private Limited CIN U72200TG2012PTC084382 | Strike Off | 23 Nov 2012 | Hyderabad, Telangana | ₹0.0 Cr | 2 | View details |
Products & Services of ION
ION offers a comprehensive portfolio of products and services, including Fidessa, XTP Execution, Anvil Execution, Barracuda FX, and LatentZero OMS.
Integrated solution for equities trading with advanced features.
Automated workflow for cleared derivatives trade execution.
Simplifies repo market complexity for focused trading.
Customizable eFX trading solutions for financial institutions.
Fast, reliable order management for asset managers.
Investors in ION
ION has secured backing from 1 investor. Prominent investors backing the company include ION.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
ION is focused on automation technology for business transformation. | iontrading.com |
Investor details for ION
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Board of directors of Hyderabad Spectrum Finsoftware Services Private Limited (ION)
Hyderabad Spectrum Finsoftware Services Private Limited is the primary company behind ION. The board of Hyderabad Spectrum Finsoftware Services Private Limited currently have 2 directors; the longest-serving is Santosh Kumar Reddy Kandula, appointed in 2012.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Santosh Kumar Reddy Kandula DIN 06423540 | Director | 23 Nov 2012 | 13 yrs 11 mo | Hyderabad Spectrum Finsoftware Services Private Limited |
| Vamsi Kiran Badugu DIN 06423529 | Director | 23 Nov 2012 | 13 yrs 11 mo | Hyderabad Spectrum Finsoftware Services Private Limited |
People of ION
1 people are tracked at ION (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Scott Newcomb | CEO & President | Leadership |
Complete people profiles for ION
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Financials of ION
Figures of Hyderabad Spectrum Finsoftware Services Private Limited, the primary company behind ION, for FY 2017. Revenue was ₹75,855. Net loss was -₹2.5 Lakh (-330% margin). EBITDA was -₹2.4 Lakh (-315% margin).
- ₹75,855Revenue · FY 2017
- -₹2.5 LakhNet loss · -330% margin
- -₹2.4 LakhEBITDA · -315% margin
- ₹38.8 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Hyderabad Spectrum Finsoftware Services Private Limited are on its company page.
Detailed financial statements for ION
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Timeline of ION
2 dated milestones of ION across 21 years, from founding to its latest funding, stage changes and deals.
- Founded ION is founded.
- Exit Acquired by ION Trading.
Competitors of ION
ION has 3 listed competitors in our database, 3 of them funded. They include Modern Treasury, GAIN Capital and Kyriba.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moderntreasury.com | 2018 | San Francisco, United States | $183.15M | 77 | Payment processing and treasury management solutions are offered to businesses. | |
| gaincapital.com | 1999 | Bedminster, United States | $175.5M | 252 | White-label front-end trading solutions for capital markets are provided. | |
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. |
Detailed competitors of ION
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Web traffic of ION
Websites that share an audience with ION (finsoftware.com).
Websites whose visitors overlap most with ION. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hpdsoftware.com | hpdsoftware.com | 100% | – | ||
| sungard.com | 96% | View details | |||
olf.com | olf.com | 74% | #5,399,206 | – | |
| reval.com | 63% | 5.8K | #3,798,486 | View details | |
| iris.co.uk | 62% | 911.3K | #61,973 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for ION
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Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as ION (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Ion
Complete news archive for ION
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Frequently Asked Questions about ION
ION was founded in 1992.
ION is headquartered in Horsham, United States. It is registered at Horsham, Pennsylvania, United States.
Scott Newcomb is the CEO of ION, as recorded in our data.
The primary company behind ION, Hyderabad Spectrum Finsoftware Services Private Limited, reported revenue of ₹75,855 for FY 2017.
ION is recognized for delivering trading and risk management solutions across various asset classes including equities, fixed income, foreign exchange, cleared derivatives, secured funding, and asset management. Operations are unified from front to back, simplifying processes and automating the complete trade lifecycle. Operational risk is reduced through innovative technology, and actionable insights are offered in real time. Sectors served include financial institutions, government entities, and central banks. With decades of experience, standards for performance and resilience in capital markets technology are continuously elevated by ION.
ION's top competitors include Modern Treasury, Kyriba and GAIN Capital.
ION offers Fidessa, XTP Execution, Anvil Execution, Barracuda FX, and LatentZero OMS.
ION has 1 investor. Key investors include ION.
ION operates through Hyderabad Spectrum Finsoftware Services Private Limited.
Yes. ION was acquired by ION Trading in January 2013.
The legal entities of ION currently have 2 directors, including Santosh Kumar Reddy Kandula, Vamsi Kiran Badugu.