Fusion Systems
From Wikipedia, the free encyclopedia
| Fusion Systems Ltd. | |
|---|---|
 |
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| Type | Private |
| Founded | 2005 |
| Headquarters | Hong Kong |
| Key people | Michael Alfant (Group President) |
| Industry | Financial Services, Automotive |
| Products | Financial Services, Business Continuity Planning |
| Revenue | Undisclosed |
| Employees | ~150 (2008) |
| Website | www.fusionsystems.org |
Fusion Systems is an Asia/Pacific consulting and technology services company. Fusion has offices in Hong Kong, Shanghai and Tokyo. Fusion provides integrated technology solutions to several industries, in particular the financial services and automotive industries.
Fusion Systems was founded in Shanghai in May 2005[1] by Michael Alfant, Huw Rogers, Vaughan Marks, Changpeng Zhao and Ray Ribble. They were joined subsequently by three additional partners: Shiro Fujita, Tony Fujii and Philip Carmichael.
Fusion's consultants work throughout the Asia/pacific region as well as in New York and London.
Fusion is primarily comprised of three lines of business - technology infrastructure consulting, contract software development and products. Fusion's products include Raptor, an electronic trading system used by members of the Tokyo Stock Exchange.
[edit] 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.
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.
[edit] References
- ^ New WFOEs & JVs Registered in Shanghai. Shanghai Business Review (2006). Retrieved on 2008-3-25.
- ^ GL Trade Acquires CGI's Tokyo Unit. Securities Industry News (2002). Retrieved on 2008-3-25.
- ^ SEC Filing. SEC (1999). Retrieved on 2008-3-25.
- ^ GL Trade Corporate History. GL Trade (2002). Retrieved on 2008-3-25.
