“Both of our firms remained independent at a time when a lot of other software companies sought acquisitions from larger institutions for the purpose of integrating into that institution’s systems,” says Lyon. “Others have sought funds from venture capital companies to achieve growth and continue to develop. We believe our independence aligns us more closely with the independent advisor community and allows us to be more innovative and agile so that we can adapt to their needs.”
Both TradeWarrior and Oranj will continue to be offered separately, says Lyon, but will also be bundled in the future. Additonal details of the transaction were not available.