In an exclusive video interview with John Lothian News, CQG CEO Ryan Moroney offered insights into the company’s strategic deal announced yesterday morning, when CQG said it has entered into an agreement for acquisition by a group of its senior executives.
Moroney spoke about the genesis and duration of the deal-making process, illustrating the thought process that went into the deal.
He would not disclose the number of employees or percentage who are participants in the deal, but said it was very few. Moroney said there was no private equity money involved in the deal.
Looking ahead, strategic planning was a focal point, with queries aimed at unveiling CQG’s future direction. Moroney was asked to elaborate on the implications of the acquisition for CQG as a technology partner, particularly in light of the unique ownership structure now being established.
Moroney said the intent of CQG Founder Tim Mather was to find the best outcome for CQG’s clients and employees, not the best financial outcome for him. Thus, the deal was not shopped around.
He also spoke about initiatives that might have been sidelined due to the deal. Moroney said the reactions of employees and customers have been very positive.
Lastly, Moroney addressed his personal perspective on his future with CQG post-deal completion and he said he expects to be with the company for a long time.
