Iress finalizes QuantHouse sale to BAHA Tech Holding
Iress Limited today announced the completion of the sale of its QuantHouse business to BAHA Tech Holding AG. The transaction, initially announced on April 22, 2025, involved a cash consideration of €17.5m.
Marcus Price, Iress group managing director & CEO, stated that the divestment strengthens the company’s focus on its high-quality core businesses of Wealth and Global Trading and Market Data, aiming for organic growth and enhanced shareholder returns. As part of the deal, Iress will provide existing QuantHouse market data feeds into its software for five years and offer transitional services for up to 12 months.
Christian Baha, founder and president of BAHA, expressed enthusiasm for QuantHouse joining the BAHA family, anticipating that the combined entities will revolutionize the high-end institutional finance market. Iress confirmed that its FY25 guidance remains unchanged following the divestment.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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