Investment Technology Group Acquires Plexus Group

September 19, 2005 ( - Investment Technology Group, Inc. (ITG) has reached an agreement to acquire Plexus Group, a consulting services firm dedicated to helping clients improve investment performance.

According to an  ITG press release , the acquisition will expand ITG’s client base to include plan sponsor and sell-side customer segments in the US and Europe.   Plexus’ customers include more than 200 financial institutions representing $4.5 trillion in equity trading volume.

ITG and Plexus clients will receive a more comprehensive transaction cost analysis product offering as a result of the acquisition, the release said.

The all cash acquisition is valued at approximately $12 million. Plexus’ revenues in 2004 were approximately $11 million. In 2005, revenues are projected to remain at the same levels and the business is expected to break even, according to the news release.

ITG is a specialized brokerage firm that partners with clients globally to provide solutions for the entire trading process.