Tuesday, June 4, 2013

The Gores Group Buys France Telecom Orange Subsidiary Etrali

Los Angeles-based private equity firm The Gores Group has acquired Etrali, a subsidiary of France Telecom Orange. Etrali is a provider of voice and electronic trading infrastructure for the trading community. Financial terms of the buy were not disclosed. According to Gores Group, Etrali will become Etrali Trading Solutions. Etrali's electronic trading products are used in the financial markets.