Market Data Management SaaS Company Poised for Significant Global Expansion
Robert Leitner, TRG’s co-founder and Chief Executive Officer, expressed his enthusiasm for the partnership and the future of the company: “TRG has enjoyed over 15 years of tremendous success delivering the technology that enables financial institutions of all types and sizes to simplify an increasingly complex information landscape. From vendor, contract and invoice management to the growing demands of the user community, TRG’s proven solutions continue to drive automation and efficiency, while enabling firms to remain in compliance with important regulations and keeping expenses under control. The market opportunity continues to expand and Polaris is the right partner to further grow our business in the same customer-focused spirit that has served our clients so well for so long. The future is bright for all of our stakeholders.”
With the equity investment, Polaris Partner Jason Trevisan and Senior Associate Dylan Pearce will join the TRG Board of Directors and will work closely with existing management to continue the company’s legacy of high customer satisfaction while aggressively expanding their proven business model.
“We’re thrilled to partner with The Roberts Group team to catalyze their growth in this important market,” said Trevisan. “Financial institutions are spending billions of dollars every year in complex contracts with market data providers. TRG’s software platform has proven to be a superior solution as evidenced by recent large customer wins comprised of financial institutions that have made a clear choice in selecting a provider. We are committed to further strengthening TRG’s market leadership while expanding their offerings and footprint globally.”
“The amount of data consumed by financial institutions continues to grow at unprecedented rates,” said Dylan Pearce. “We see a tremendous opportunity to accelerate TRG’s growth by continuing to sign blue chip and midmarket financial institutions and pursuing key growth strategies. We look forward to partnering with Robert and his team as TRG expands its world-class SaaS product offering and support to its clients.”