Polaris acquires IndigoTX

href="http://www.ciol.com/News/Mergers-and-acquisition/News-Reports/Polaris-to-acquire-Laser-Soft-for-Rs52-cr/151009126388/0/">Polaris
Software Lab, a leading
Financial Technology Company today announced the acquisition of
IndigoTX, a SaaS (Software as a service) company that provides GO TX,
an enterprise brokerage solution for the securities market on a pay
per use model.

The GO TX brokerage platform is a
cutting edge technology platform that runs on a GRID architecture
providing tremendous amount of scalability and performance using
commodity hardware platforms. The GO TX system allows brokers the
luxury of a single platform that provides trading in multiple
instruments such as equities, derivatives, mutual funds, commodities
and currencies, providing access to multiple markets besides
integrating the front, middle and back-office functions. The
solution's layered architecture also allows it to integrate Internet
access, desktops and other user access devices into a single
platform.

A GO TX brokerage customer pays the
company on a pay per use model. Under this model, the company
provides access to all its solutions and technologies by pricing it
on a usage basis. GO TX provides continuous updates of its software
to its customers. This helps brokerages to focus on their business
rather than worry and manage technologies that are constantly
changing and evolving. This also relieves the brokerage firms from
the pressure of continuous capital investments.

For large brokerage firms, GO TX value
proposition is that it provides tremendous amount of operational
efficiency as a result of its single integrated platform. The
integration allows brokerage firms, complete control over their large
span of business operations in real-time. The CEOs of brokerage firms
can get a comprehensive view of their trading assets and liabilities
in real-time. Brokerage firms will have a better control of their
operations on a volatile day deploying the GO TX platform. For
smaller brokers, the GO TX value proposition is accessibility to
technologies that typically only large players can
afford.

Chandra Balaraman style="background: transparent none repeat scroll 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;">,
Founder & CEO, IndigoTX Software said, “Our trading
platform for brokerages is what ERP is to manufacturing. With proven
technologies in place, we needed a partner who can fuel our growth
and also provide access to various global markets. We are excited to
join the Polaris family that has a large reach and reputation as a
cutting edge solution provider to large financial institutions.”

Arun Jain, Founder, Chairman & CEO,
Polaris Software, said, “Technology investments continue to be the
major bottleneck for many brokerage houses that are nurturing big
growth ambitions. GO TX leverages modern technology of Software as a
Service (SaaS) to offer trade-based pricing. In effect, brokerage
houses can move away from technology-related concerns completely and
enjoy the freedom of 'pay as you grow.”