Latest Findex News: Finextra Research

Atos Origin in fresh SIA-SSB takeover talks - report

Paris-listed IT services firm Atos Origin is in advanced discussions over the acquisition of Italian e-payments group SIA-SSB, according to French paper La Tribune.

03 September 2009

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Nice to acquire Fortent for $73.5 million

Israeli digital recording firm Nice has acquired anti-money laundering outfit Fortent for $73.5 million in cash.

01 September 2009

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Gresham promises 'jam tomorrow' following disappointing first half

Gresham Computing is forecasting a bump in second half annuity income from its real-time financial solutions business after reporting a disappointing first half to June 30 in which losses doubled to £1 million on revenues of just £5.6 million - down 22% from last year.

28 August 2009

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Nyse Euronext to buy Nyfix for $144m

Nyse Euronext has entered into a definitive agreement to acquire, through its technology unit, US trading systems vendor Nyfix in a cash deal worth around $144 million.

27 August 2009

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Nasdaq OMX and BM&F Bovespa in partnership talks; LSE and Nyse Euronext eye Indian bourse stakes

Nasdaq OMX and Brazil's BM&F Bovespa have entered into exclusive discussions aimed at setting up a strategic, commercial and technological partnership. Meanwhile, local press reports suggest the LSE and Nyse Euronext are both considering taking five per cent stakes in India's MCX-SX.

27 August 2009

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Instinet to acquire Torc Financial

Instinet is to step up its ambitions in the US options market with an agreement to acquire substantially all the business and assets of derivatives trading technology vendor Torc Financial.

26 August 2009

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Monitise sales surge; pledges to double revenues in FY10

Mobile money outfit Monitise is reporting an 80% increase in revenue to £2.7 million (2008: £1.5m), and a reduction in adjusted operating loss, excluding share based payments, to £12 million (2008: loss £12.8m) for the year ending June 2009, as customer numbers surged.

25 August 2009

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Tibco buys DataSynapse

California-based Tibco Software has acquired privately-held grid and cloud computing vendor DataSynapse in a cash deal worth around $28 million.

24 August 2009

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Monitise takes full control of Monilink network

Monitise has bought out joint venture partner VocaLink to take full control of UK mobile banking and payments network Monilink. Monitise will pay an initial £1.5 million in cash over three years for debt-free, 100% ownership of the network.

24 August 2009

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Jambool raises $5m for virtual currency platform Social Gold

Jambool, the company behind Social Gold, a virtual currency platform used for online games and applications, has raised $5 million in a series b financing round led by Madrona Venture Group.

18 August 2009

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Jack Henry to buy Goldleaf

US payments processor Jack Henry & Associates has agreed to buy Goldleaf Financial Solution in a cash deal worth around $19.1 million.

17 August 2009

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Mint raises $14m in series c financing round

San Francisco-based online personal finance outfit Mint has raised $14 million in a series c financing round led by Dag Ventures.

13 August 2009

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SunGard cautiously optimistic despite Q2 net loss

Despite swinging to a net loss for the second quarter, SunGard says its overall performance was "better than we expected" with broker/dealer business providing a notable bright spot.

07 August 2009

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Market data rivals battle for share of wallet as terminal sales wilt

In an unprecedented announcement, Bloomberg has admitted to a fall in terminal numbers, revealing a four per cent drop from November last year. The statement was released late Tuesday, the day before the publication of second quarter 2009 results from Thomson Reuters, which highlight the positive outlook in the diversified vendor's non-financial services professional division.

06 August 2009

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Nasdaq OMX profit slides on market share declines and write-offs

Nasdaq OMX has posted a 31% drop in quarterly profits as the transAtlantic exchange operator incurred some $35 million in charges and saw its market share in US stock trading drop for the fifth successive quarter.

06 August 2009

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Société Générale to centralise global IT infrastructure

In a bid to improve operational efficiency across the bank, Société Générale is centralising its IT infrastructure management into a new Global Technologies and Services (GTS) division.

06 August 2009

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Bank of America sells B2B e-payment and invoice business to Bottomline

Bank of America is selling its business-to-business electronic payment and invoice network, PayMode to Bottomline Technologies as part of a multi-year agreement with the vendor. Financial terms were not disclosed.

06 August 2009

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Thomson Reuters buys Vhayu

Thomson Reuters has acquired California-based market data technology vendor Vhayu Technologies. Financial terms of the deal were not disclosed.

03 August 2009

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Temenos cost-cutting takes bite out of revenue dip

Despite recording a 15% decline in revenue for the second quarter, Swiss core banking supplier Temenos says its cost cutting programme has left it in a strong position to navigate the downturn.

03 August 2009

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Nyse Euronext swings to loss on LCH.Clearnet payment; plans tech job cuts

Nyse Euronext has swung to a net loss of $182 million for the second quarter - mainly due to a $355 million severance payment made to LCH.Clearnet - and warned of impending job cuts for technology staff.

30 July 2009