BT is divesting its financial information business, Radianz, to Transaction Network Services (TNS).
Radianz, which BT acquired from Reuters in 2005, operates a financial information exchange (FIX) that offers a suite of secure, high-speed connectivity and cloud-based services. These services are essential for traders looking to access global capital markets. In the fiscal year 2024-25, Radianz generated approximately £142 million, concentrating on providing secure multi-cloud connectivity to exchanges, brokers, and clearing houses worldwide.
This sale is part of BT’s strategy to streamline its operations and reposition its focus on its core business in the UK by divesting its international assets.
For TNS, this acquisition represents a significant expansion of its presence in the financial services sector. It will enhance the company’s infrastructure capabilities and broaden its client base. The deal will also create opportunities for cross-selling between TNS and Radianz platforms.
Tom Lazenga, General Manager of TNS Financial Markets, expressed enthusiasm about the development: “This is an exciting advancement for clients of both TNS and Radianz. They will now benefit from an integrated suite of services in addition to our ongoing investments in new capabilities. With our extensive global network of financial endpoints and our industry-leading low-latency platform, this acquisition solidifies TNS as the premier partner for financial market participants worldwide.”
The transaction is anticipated to finalize in the first half of 2026, although financial details have not been disclosed.