Private | |
Industry | Information Technology |
Founded | Malabe, Sri Lanka (1996) |
Founder | Tony Weerasinghe |
Number of locations
|
London, Boston, New Jersey, Toronto, Mumbai, Colombo, Malabe |
Area served
|
Worldwide |
Key people
|
Mack Gill (CEO) |
Products | Millennium Exchange, Millennium Surveillance, Millennium SOR, Millennium PostTrade, Millennium MarketData, Millennium LiveOps |
Services | Capital Markets, Systems Integration, Core infrastructure solutions, IT Security solutions, Business collaboration technologies, Enterprise performance management, Telecommunications |
Revenue | GBP 80.6 Million (2015) |
Number of employees
|
451 (2009) |
Parent | |
Divisions | Capital Market Solutions, MillenniumIT Systems Integration Business |
Website | millenniumit |
MillenniumIT (known as Millennium Information Technologies or MIT) is a Sri Lanka-based information technology firm that specialises in electronic trading systems, systems integration services including IT infrastructure and consultation services, and is headquartered in Colombo, Sri Lanka. It has been a fully owned technology business sector of since 2009.
MillenniumIT’s systems are used by exchange businesses around the world including, , Borsa Italiana, Oslo Børs, Turquoise, the London Metal Exchange, and a series of emerging market exchanges.
The company was founded in 1996 by Tony Weerasinghe as a systems integrator and Sun Microsystems authorized reseller. MillenniumIT entered the software design field the following year when it interpreted a systems integration contract from the Colombo Stock Exchange (CSE) as an opportunity to design and install a straight-through processing system for the Exchange. The CSE solution became the basis for MillenniumIT’s suite of capital-markets software products. In the year 2000 MillenniumIT became Sun Microsystems’ regional distributor for Bangladesh, Nepal and Maldives. Its capital-markets software found a number of customers around the world, and in 2001 MillenniumIT won its first major US contract and set up operations in Boston, MA.
In 2002, the firm moved into its new corporate headquarters, the first Silicon Valley style software campus in Sri Lanka. The company was awarded contracts in Boston and Nairobi. It also continued to expand by opening a UK subsidiary and office in 2004. The following year, the company was contracted to provide an automated equity, ETF and options-trading system for the (AMEX).