The acquisition of Radianz by BT was potentially one of the most significant events of 2005 in the world of banking IT. A secure network for provision of financial services is becoming increasingly important to many businesses, not only the banks themselves.
In combining the scale of Radianz with BT’s sales expertise, the company has all the raw materials necessary for supporting this area of finance in the future. Rick Snape, CEO of BT Radianz, notes that the future for his company lies in partnerships: “The BT Radianz business model is a community model. We specialise in connectivity between financial institutions and liquidity sources like exchanges, where BT traditionally is more of an enterprise model. We can leverage the strengths of both to our advantage.”
