Findex

4073 articles tagged with this keyword

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Carlyle buys ITRS Group

ITRS Group, a provider of real-time monitoring systems to the financial services sector, has been acquired by asset manager Carlyle Group in partnership with its founders and management. Financial terms were not disclosed.

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LME ponders takeover approaches

The London Metal Exchange (LME) says it has received "several expressions of interest" that could lead to a takeover. CME Group, IntercontinentalExchange and SGX are all said to be in the running.

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Thomson Reuters to sell trade and risk unit to Vista Equity Partners

Thomson Reuters has agreed to sell its trade and risk management technology business to Vista Equity Partners. Financial terms of the deal were not disclosed.

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MarkitServ to buy Logicscope

OTC derivatives processing services firm MarkitServ has agreed to buy UK post-trade software vendor Logicscope. Financial terms of the deal were not disclosed.

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Amex buys virtual currency firm Sometrics

American Express has acquired Sometrics, a virtual currency outfit targeting the online games community, for $30 million, according to TechCrunch.

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S1 agrees to kill Fundtech deal; warns off ACI

S1 Corporation has backed out of its merger agreement with Fundtech after receiving an $11.9 million termination fee but insists it is still not interested in a takeover by ACI Worldwide.

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Fundtech board ditches S1 for PE outfit GTCR

The board of Fundtech is turning its back on a planned merger with S1 after receiving a "company superior offer" from private equity firm GTCR.

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Dovetail bags multi-million dollar investment

UK payments house Dovetail has bagged its first institutional shareholder with a "significant double-digit million dollar' investment from private equity firm ViewPoint Capital Partners.

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Xignite raises $10m to push market data in the cloud

Market data cloud provider Xignite has raised $10 million in a series b funding round led by StarVest Partners.

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Orc shuts Neonet New York desk

Swedish fintech vendor Orc Software is shutting down the New York trading desk of its troubled agency brokerage Neonet.

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Broadridge targets buy-side with Paladyne acquisition

Broadridge Financial Solutions has acquired buy-side technology and services outfit Paladyne Systems for around $76.5 million.

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Innotribe contender miiCard secures funding; completes MBO

MiiCard, a digital passport outfit that is competing in the Innotribe start-up contest at Sibos this year, has raised £550,000 in seed funding and completed a management buyout.

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ACI takes offer to S1 shareholders

ACI Worldwide has stepped up its pursuit of S1 Corporation again, taking its cash and shares offer directly to shareholders.

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ACI increases cash component of S1 offer

ACI Worldwide has increased the cash component of its takeover offer for S1 Corporation by 50 cents a share.

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LSE offers no objection to Bats-Chi-X merger

The London Stock Exchange (LSE) has offered the UK Competition Commission no objections to the proposed merger between Bats Europe and Chi-X Europe, arguing that, if needed, a new player could quickly be established.

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Parseq chief makes takeover approach

Aim-listed mobile and online banking software outfit Parseq says it has been approached by a group led by its own chief executive, Rami Cassis, about a takeover.

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HP agrees £7bn Autonomy acquisition

Shares in UK software house Autonomy soared 75% in morning trading on news of its planned £7 billion takeover by Hewlett-Packard.

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Kabbage raises $17m; granted US patent

Kabbage, a US start-up that provides working capital advances to online merchants, has raised $17 million in a series b funding round joined by Square co-founder Jim McKelvey.

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ACI steps up efforts to scupper S1-Fundtech merger

ACI Worldwide has escalated its efforts to derail the proposed merger between S1 and Fundtech, filing preliminary proxy materials with the SEC to solicit S1 shareholder votes against the deal.

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BofA sells Canadian credit card business to TD Bank

Bank of America (BofA) has agreed to sell its Canadian credit card business to TD Bank and will also exit its card operations in the UK and Ireland.