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The future looks bright for VisoTech

Newsletter May 2019: VisoTech acquired by Trayport, Algo-Trading Innovation Hub programme and a farewell

As you may already know, VisoTech is now part of Trayport. Trayport sees this acquisition as a way to enhance its ability to serve the needs of existing and new clients as markets evolve. We look forward to working with Trayport as we integrate our leading-edge algorithmic design and execution capabilities into their client offering.Trayport VisoTech

VisoTech’s offices will remain in Vienna, where Trayport plans to establish a centre of excellence in AI and data science. The management team will also stay in place, other than Co-Founder Johannes Püller, who after supporting a smooth transition will leave to pursue other interests. Our team remains firmly committed to solving our customers’ day-to-day business challenges with the Periotheus Platform and maintaining excellent service for all of our clients into the future.

For more detailed perspectives on our future, in the words of employees as well as management, please see below.

 

Algo-Trading Innovation Hub: Full Programme

The programme is now complete for the Algo-Trading Innovation Hub – are you registered yet? On June 5 in Frankfurt, join your peers from top utilities, energy providers and trading houses to discover the latest trends in algorithmic energy trading. An exciting line-up of industry experts will provide a wide variety of insights. With all-new topics, you’re sure to find inspiration to take your trading to the next level.

 

The hands-on workshop on the second day is already sold out. Participants have the opportunity to sharpen their algorithm development skills and to create their own. Book now for the first day, seats are limited and going fast! Trayport representatives will also be present to provide their vision and to answer your questions about plans for the future.

 

Our future, from management’s perspective

“Today’s announcement marks a significant step forward for Trayport, both in our ability to serve the needs of existing and new clients as markets evolve and in the acceleration of our growth strategy,” observed Peter Conroy, President, Trayport. “We look forward to the work ahead with VisoTech’s proven team of experts as we integrate their leading-edge algorithmic design and execution capabilities into Trayport’s client offering across our existing network of brokers, traders and exchanges and the markets we serve.”

Peter-Conroy-Preseident-Trayport

“As the primary network and data platform for European wholesale energy markets, Trayport understands our business and the needs of our customers”, Jürgen Mayerhofer, Managing Director of VisoTech added. “The acquisition supports the expansion of our capabilities in the fields of algorithmic energy trading, machine learning and data science and to deliver new market-leading solutions.”VisoTech-Managing-Director-Jürgen-Mayerhofer

We strive to have the smartest people delivering the most advanced technology to the most innovative customers. But when customers talk about us, what also stands out is our culture. We care about our people and develop close relationships with our customers. And we have fun doing it: whether it’s daily table soccer matches, laid back get-togethers, or setting up a spontaneous World Cup viewing for visiting customers, we never forget that we are all human.

The folks at Trayport share a similar culture, with a distinctly human approach. “One of my goals is to make sure that we continue to offer an environment where people want to work and where customers feel like part of the team”, said our Co-Founder Wolfgang Eichberger.VisoTech-Co-Founder-Wolfgang-Eichberger

 

Our future, from our employees’ perspectives

“At VisoTech it always motivated me to build cutting-edge technology for automated trading and thus to build the future. With Trayport’s support an enormous opportunity for our AI ambitions has opened up, allowing us to bring this fascinating research area into production.”
– Larisa Chizhova, Software Developer

“The market is changing fast. Becoming part of Trayport supports us in staying ahead and being ready to deliver the challenges of the future. We also anticipate an advantage by delivering leading edge solutions and new innovations to Trayport customers.”
– Christoph Malzer, Team Lead New Sales Europe

“With Trayport we will have the support that allows us to focus more on important technical innovations.”
– Stefan Ring, Team Lead Software Development

 

Personal note: a new adventure begins

When I started VisoTech 20 years ago, I could not have guessed where we would end up today. We’ve pivoted numerous times, focusing on different products, different customer groups and different business models. In the last few years we focused our efforts on a niche solution, and the results speak for themselves: our customers include some of the biggest names in the European energy industry. 

Through it all I’ve had the privilege of working with a team of highly talented, motivated employees, customers and partners. We’ve worked hard and played hard. Together we’ve built world-class software that has enhanced energy trading. We’ve taken part in the transition to greener energy. At the same time, we have formed a community that encourages creativity, innovation and exploration.

In that spirit, I feel that it is time for me to start a new chapter in my life, taking on new personal risks and exploring new creative directions. I will miss all of you, but at the same time I’m confident that what we have built together will continue to develop in new and exciting directions. I thank all of you for helping us to get this far and wish you all further success in the future.

All the best,
Johannes PüllerVisoTech-Co-Founder-Johannes-Püller

 

Paulo Coelho said, “If you’re brave enough to say goodbye, life will reward you with a new hello.” All of us at VisoTech wish Johannes many wonderful hellos in his future as we look forward to new hellos in our own new adventure.

A new adventure

 

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