Torstone Technology, a provider of post-trade securities and derivatives IT, has signed an agreement to acquire Percentile, a provider of real-time, cloud-based compliance IT.

The Percentile "risk management solution" will form a component of Torstone’s platform. Torstone is now able to provide a full-service, cross-asset, global post-trade set of products that includes risk and compliance.

Torstone recently announced plans to expand its London headquarters to accommodate European business growth, following a revenue increase of over 50% year on year.

Torstone Technology (headquartered in London, with offices in New York, Hong Kong, Singapore, and Tokyo) and Percentile have been working together for a long time.