Transaction Network Services to acquire the Radianz business from BT Group.

Transaction Network Services, a provider of infrastructure-as-a-service solutions to the financial, communications and payments markets, agreed to acquire the Radianz business from BT Group, a provider of fixed and mobile telecommunications. Financial terms were not disclosed. “This is an exciting development for clients of both TNS and Radianz who will now have access to the combined suite of services in addition to our investments in new capabilities. With a large global network of financial endpoints and our industry leading low latency platform, today’s news firmly cements TNS as the premier partner serving financial market participants globally,” Tom Lazenga, TNS General Manager, Financial Markets.