Fusion Systems
Encyclopedia
Fusion Systems is an Asia/Pacific technology company. Fusion has offices in Hong Kong
, Tokyo
and Shanghai
. Fusion provides integrated business technology solutions to several industries, including financial services, automotive, logistics, pharmaceutical and Media and Communications.
Fusion Systems was founded in Shanghai in May 2005 by Michael Alfant, Huw Rogers, Vaughan Marks, Changpeng Zhao, Raymond Ribble and Shiro Fujita.
Fusion's consultants work throughout the Asia/Pacific region as well as in New York and London.
Fusion has four divisions: Business/Technology Consulting, Capital Markets Solutions, Software Development and Enterprise Infrastructure Solutions. Capital markets products include Raptor, Asia's Ultra Low Latency Direct Market Access (ULLDMA) electronic trading system used by members of regional stock exchanges and markets including the Tokyo Stock Exchange, Hong Kong Stock Exchange and others. Enterprise infrastructure products include OIB (Office-In-a-Box), a hardware and software based integrated solution which delivers powerful enterprise-grade IT infrastructure to entrepreneurs and small to medium-size companies for a fraction of the cost of traditional approaches.
in 1995 took the company independent. The company's key product was a stock trading system named FOX (Fusion Order eXecution) that was sold to many Tokyo Stock Exchange member firms. Fusion estimates, based on the reported market share of TSE members that used FOX, that it processed between 30-50% of the TSE
's total volume at the end of the 90s.
The previous Fusion was subsequently acquired by IMRGlobal for $65M in a mixed stock/cash deal in 1999
.
IMRGlobal itself was subsequently acquired by CGI Group
in 2001. The old Fusion unit of CGI was then sold to the French trading systems provider GL Trade in April 2002, who continued to sell and support FOX.
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
and Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
. Fusion provides integrated business technology solutions to several industries, including financial services, automotive, logistics, pharmaceutical and Media and Communications.
Fusion Systems was founded in Shanghai in May 2005 by Michael Alfant, Huw Rogers, Vaughan Marks, Changpeng Zhao, Raymond Ribble and Shiro Fujita.
Fusion's consultants work throughout the Asia/Pacific region as well as in New York and London.
Fusion has four divisions: Business/Technology Consulting, Capital Markets Solutions, Software Development and Enterprise Infrastructure Solutions. Capital markets products include Raptor, Asia's Ultra Low Latency Direct Market Access (ULLDMA) electronic trading system used by members of regional stock exchanges and markets including the Tokyo Stock Exchange, Hong Kong Stock Exchange and others. Enterprise infrastructure products include OIB (Office-In-a-Box), a hardware and software based integrated solution which delivers powerful enterprise-grade IT infrastructure to entrepreneurs and small to medium-size companies for a fraction of the cost of traditional approaches.
History
A previous instance of Fusion was owned by Michael Alfant and many of the partners of the current firm. Fusion Systems was founded in 1992 in Tokyo as a subsidiary of Fusion Systems Group of New York. A MBOManagement buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...
in 1995 took the company independent. The company's key product was a stock trading system named FOX (Fusion Order eXecution) that was sold to many Tokyo Stock Exchange member firms. Fusion estimates, based on the reported market share of TSE members that used FOX, that it processed between 30-50% of the TSE
Tokyo Stock Exchange
The , called or TSE for short, is located in Tokyo, Japan and is the third largest stock exchange in the world by aggregate market capitalization of its listed companies...
's total volume at the end of the 90s.
The previous Fusion was subsequently acquired by IMRGlobal for $65M in a mixed stock/cash deal in 1999
.
IMRGlobal itself was subsequently acquired by CGI Group
CGI Group
CGI Group Inc. is an information technology management and business process services company. Founded in 1976 and headquartered in Montreal, Canada, CGI employs approximately 31,000 professionals in over 125 offices in 16 countries. As of September 2010, CGI had an annual revenue of CA $3.7...
in 2001. The old Fusion unit of CGI was then sold to the French trading systems provider GL Trade in April 2002, who continued to sell and support FOX.