About Triple Point Technology
Triple Point Technology is a Financial Services company based in Westport (United States) founded in 1993, and was acquired by ION Trading in July 2013. Trading and risk management are enabled through an online platform. It operates in the Financial Services and Technology sectors. Triple Point Technology has raised $38 million across 1 funding round from investors including Welsh, Carson, Anderson & Stowe, Abry Partners and JMI Management. The company has 198 employees. Triple Point Technology has completed 2 acquisitions, including Rome Corporation and WAM Systems. Its Indian entity Triple Point Technology (India) Private Limited reported revenue of ₹110 Cr. Triple Point Technology offers products and services including TriplePoint, LatentZero, Fidessa, XTP, and Reval. Its focus areas include FinTech, Investment Tech, Capital Market IT and Trade Management. Its competitors include Symphony, Kyriba and Socure; 3 of its 3 listed competitors have raised funding.
Company details
Triple Point Technology was founded in 1993 and is headquartered in Westport, United States. An online platform is operated to support trading activities and risk management processes within the financial technology sector. Services encompass software for trade execution, position tracking, and risk assessment, with tools designed for efficiency in market operations. Focus is placed on serving institutional users from the U.S. base, addressing needs in commodities and derivatives trading.
- Headquarters Westport, United States
- Employees 198
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website tpt.com
- Social LinkedIn X Facebook
- Acquired by Welsh, Carson, Anderson & Stowe (Oct 2011)
- Legal Name Triple Point Technology (India) Private Limited
- Date of Incorporation 25 Mar, 2003
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹110 Cr
FY 2024 · -25% YoY
- Indian entity net profit₹13.38 Cr
FY 2024 · 12% margin
- Indian entity EBITDA₹20.90 Cr
FY 2024 · 19% margin
- Total Equity Funding$38M (USD)
in 1 rounds
- Latest Funding Round$38M (USD), Series A
Aug 2006
- InvestorsWelsh, Carson, Anderson & Stowe
& 3 more
- Employee Count198
- Investments & AcquisitionsRome Corporation
& 1 more
- Acquired by
Associated legal entities of Triple Point Technology
Triple Point Technology operates through Triple Point Technology (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Triple Point Technology (India) Private Limited CIN U72200PN2003PTC017808 | Active | 25 Mar 2003 | Pune, Maharashtra | ₹110 Cr | 198 | 2 | View details |
Products & Services of Triple Point Technology
Triple Point Technology offers a comprehensive portfolio of products and services, including TriplePoint, LatentZero, Fidessa, XTP, and Reval.
Manages trading and risk for commodities like bulk and liquids.
Handles compliance and order management for investments.
Supports trading in equities and foreign exchange markets.
Facilitates execution and risk management for derivatives.
Manages accounting and risk for corporate treasury functions.
Funding Insights of Triple Point Technology
Triple Point Technology has successfully raised a total of $38M through 1 strategic funding round. The most recent funding activity was a Series A round of $38 million completed in August 2006. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $38M
- Total Rounds 1
- Last Round Series A — $38M
- First Round $38M
(Aug 2006)
- Investors Count 1
All 1 funding rounds of Triple Point Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2006 | $38M | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Triple Point Technology
Triple Point Technology has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Welsh, Carson, Anderson & Stowe, Abry Partners and JMI Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Abry Partners is engaged in middle market private equity investments. | 1989 | abry.com | Boston, United States | |
Healthcare and technology sectors are targeted for private equity investments. | 1979 | wcas.com | New York, United States | |
Private equity firm investing in software companies | jmi.com | Baltimore, United States | ||
ION is focused on automation technology for business transformation. | iontrading.com |
Investor details for Triple Point Technology
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Board of directors of Triple Point Technology (India) Private Limited (Triple Point Technology)
Triple Point Technology (India) Private Limited is the primary company behind Triple Point Technology. The board of Triple Point Technology (India) Private Limited currently have 2 directors; the longest-serving is Sanjay Kumar Chikara, appointed in 2015. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Kumar Chikara DIN 01350511 | Director | 05 Mar 2015 | 11 yrs 7 mo | Triple Point Technology (India) Private Limited |
| Manoj Arora DIN 00844279 | Director | 23 Sep 2016 | 10 yrs | Triple Point Technology (India) Private Limited |
Financials of Triple Point Technology
Figures of Triple Point Technology (India) Private Limited, the primary company behind Triple Point Technology, for FY 2024. Revenue was ₹110 Cr (-25% year on year). Net profit was ₹13.38 Cr (12% margin). EBITDA was ₹20.90 Cr (19% margin). Revenue has grown at a compounded annual rate of +13% over three years and +9% over five years.
- ₹110 CrRevenue · FY 2024 · -25% YoY
- ₹13.38 CrNet profit · 12% margin
- ₹20.90 CrEBITDA · 19% margin
- ₹25 LakhPaid-up capital
- 198Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Triple Point Technology (India) Private Limited are on its company page.
Detailed financial statements for Triple Point Technology
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Triple Point Technology
Triple Point Technology has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Rome Corporation and WAM Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Developer of supply chain planning solutions exclusively for the chemical industry | wamsystems.com | Plymouth Meeting, United States | 1987 | Jan 2013 | •••• | |
SaaS-based enterprise credit risk management solution | romecorp.com | Austin, United States | 2001 | Jul 2008 | •••• |
Complete acquisition details for Triple Point Technology
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Timeline of Triple Point Technology
6 dated milestones of Triple Point Technology across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Triple Point Technology is founded.
- Funding First funding round of $38.0M.
- Acquisition Acquires Rome Corporation.
- Exit Acquired by Welsh, Carson, Anderson & Stowe.
- Acquisition Acquires WAM Systems.
- Exit Acquired by ION Trading.
Competitors of Triple Point Technology
Triple Point Technology has 3 listed competitors in our database, 3 of them funded. They include Symphony, Kyriba and Socure.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| symphony.com | 2014 | New York, United States | $461M | Compliance management solutions for financial institutions | ||
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. | |
| socure.com | 2012 | New York, United States | $650.25M | 88 | AI-based identity verification and fraud detection are provided. |
Detailed competitors of Triple Point Technology
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- Full competitor set
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Web traffic of Triple Point Technology
Websites that share an audience with Triple Point Technology (tpt.com).
Websites whose visitors overlap most with Triple Point Technology. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sknt.com | sknt.com | 100% | – | ||
| vitol.com | 90% | 111.9K | #391,609 | View details | |
| woodmac.com | 90% | 271.8K | #179,610 | View details | |
en.wikipedia.org | en.wikipedia.org | 36% | – | ||
| triplepointpr.com | 36% | #1,697,243 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Triple Point Technology
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Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as Triple Point Technology (Regulatory & Compliance Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | 815 |
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Related news about Triple Point Technology
Complete news archive for Triple Point Technology
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Frequently Asked Questions about Triple Point Technology
Triple Point Technology was founded in 1993 and raised its 1st funding round 13 years after it was founded.
Triple Point Technology is headquartered in Westport, United States.
Triple Point Technology is a funded company, having raised a total of $38M across 1 funding round to date. The company's 1st funding round was a Series A of $38M, raised on Aug 2006.
Triple Point Technology has 198 employees.
The primary company behind Triple Point Technology, Triple Point Technology (India) Private Limited, reported revenue of ₹110 Cr for FY 2024, down 25% year on year.
Triple Point Technology was founded in 1993 and is headquartered in Westport, United States. An online platform is operated to support trading activities and risk management processes within the financial technology sector. Services encompass software for trade execution, position tracking, and risk assessment, with tools designed for efficiency in market operations. Focus is placed on serving institutional users from the U.S. base, addressing needs in commodities and derivatives trading.
Triple Point Technology offers TriplePoint, LatentZero, Fidessa, XTP, and Reval.
Triple Point Technology has made 2 acquisitions, including Rome Corporation, and WAM Systems.
Triple Point Technology has 4 investors. Key investors include Welsh, Carson, Anderson & Stowe, Abry Partners, JMI Management, and ION.
Triple Point Technology operates through Triple Point Technology (India) Private Limited.
Yes. Triple Point Technology was acquired by Welsh, Carson, Anderson & Stowe in October 2011.