24 Exchange Acquires 11B Technologies

AcheronTrading Acquires HedgeTech LLC

November 7, 2022

Software

AcheronTrading has acquired HedgeTech LLC, a Boston-based algorithmic market-making technology platform founded in 2018. The deal adds HedgeTech’s exchange integrations, low-latency infrastructure, and trading algorithms to AcheronTrading’s digital-asset market-making operations; financial terms were not disclosed.

Tech24 Acquires United Service Technologies

April 13, 2021

Industrial Services

Tech24, backed by HCI Equity Partners, acquired United Service Technologies on April 13, 2021 as the fourth add-on in HCI's consolidation strategy. The acquisition expands Tech24's geographic footprint (adding locations in California, Texas and Nevada) and gives the platform entry into the grocery / supermarket end market; financial terms were not disclosed.

Tech24 Acquires TEK Express

October 12, 2022

HVAC & Mechanical

Tech24, backed by HCI Equity Partners, acquired TEK Express on October 7, 2022 as its fourteenth add-on acquisition. The deal expands Tech24's repair and maintenance footprint in the New York City market; financial terms were not disclosed.

Trading Technologies Acquires AxeTrading

March 8, 2023

Software

Trading Technologies (TT) acquired London-based AxeTrading, a provider of fixed income trading solutions, to expand TT's multi-asset SaaS platform into corporate, government, municipal and emerging market bonds as well as OTC interest rate swaps. The deal broadens TT's offering across fixed income derivatives and U.S. Treasuries, integrating AxeTrading's pricing, quoting and execution capabilities into TT's global platform; terms were not disclosed.

CrossTower Acquires BEQUANT

November 28, 2022

Financial Services

CrossTower announced it has reached an agreement to acquire BEQUANT, a prime brokerage and digital asset exchange, to strengthen its institutional product suite and expand global market reach. The deal, backed by the Lydian Group, adds over 600 professional exchange clients to CrossTower and coincides with the launch of an ESG-focused crypto fund to support regulated, sustainable growth in digital assets.

Business Communications, Inc. (BCI) Acquires Trustlink Technologies

May 2, 2025

Cybersecurity

Business Communications, Inc. (BCI) has acquired Trustlink Technologies, a Harrisburg, Pennsylvania-based cybersecurity services and Fortinet partner. The deal expands BCI's cybersecurity capabilities and East Coast footprint while adding Trustlink's network security engineering expertise and Fortinet specializations to BCI's platform.