Mergers and acquisitions

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/Mergers and acquisitions

Orc offloads Neonet to management and Hay Tor Capital

The management of Swedish agency broker and systems supplier Neonet has teamed up with Hay Tor Capital and Kas Bank to buy the business from Nordic Capital.

/Mergers and acquisitions

MarketAxess to acquire Xtrakter

Fixed income exchange MarketAxess has agreed to acquire European post-trade services group Xtrakter from Euroclear for £26 million in cash.

/Mergers and acquisitions

Diebold buys Turkey's Altus

American technology vendor Diebold has acquired Turkish ATM services specialist Altus. Financial terms of the deal were not disclosed.

/Mergers and acquisitions

Canadian carriers offload Zoompass joint venture

EnStream, the Canadian mobile-commerce joint venture created by Bell, Rogers and Telus, has offloaded its Zoompass mobile money service to pre-paid and virtual card management outfit Paymobile.

/Mergers and acquisitions

Oslo Bors acquires Swedish neighbour Burgundy

Oslo Børs is to take over the operations of rival Swedish exchange Burgundy as it bids to raise its market share in the Nordics and challenge Nasdaq OMX for regional dominance.

/Mergers and acquisitions

Barclays takes over ING Direct UK

Barclays is set to take over the UK online banking operations of ING in a deal that will leave the Dutch outfit with a EUR320 million post-tax loss.

/Mergers and acquisitions

Square acquires digital design agency

Swipe-to-mobile outfit Square has acquired New York-based Web design agency 80/20.

/Mergers and acquisitions

First Derivatives goes on acquisition spree

Irish capital markets tech house First Derivatives has acquired three London-based businesses for a total consideration of up to £3.15 million as it looks to expand its managed services business.

/Mergers and acquisitions

ANZ to cut 200 IT jobs in National Bank of New Zealand merger

ANZ is to cut 200 back office IT jobs in New Zealand as it initiates a full-scale integration with The National Bank subsidiary it acquired from the UK's Lloyds Banking Group almost ten years ago.

/Mergers and acquisitions

Plus disposes of derivatives arm

Plus Markets has agreed to sell its derivatives exchange to Pipeline Capital, a new company set up by former staffer Clive Connors.

/Mergers and acquisitions

Temenos agrees edge IPK acquisition

Core banking vendor Temenos has signed a definitive agreement to buy edge IPK, a provider of user experience platform (UXP) software to the financial services industry. Financial terms of the deal were not disclosed.

/Mergers and acquisitions

ACI Worldwide agrees $48.7 million acquisition of Distra

ACI Worldwide agreed a $48.7 million all-cash takeover of Distra, an Australian-based company that provides technology to help update bank legacy payments architectures and adapt to new modes of payment.

/Mergers and acquisitions

RBS confirms Direct Line IPO

The Royal Bank of Scotland has confirmed plans to offload its Direct Line insurance business in an initial public offering that analysts suggest could be worth £3 billion.

/Mergers and acquisitions

SIA buys out Sinsys JV partner Atos Worldline

Italy's SIA has struck a deal to buy Atos Worldline's 49% stake in Sinsys, giving it full ownership of the Belgian card payments processing company. Financial terms were not disclosed.

/Mergers and acquisitions

MasterCard buys loyalty rewards specialist Truaxis

MasterCard has acquired Truaxis, a US firm that provides credit and debit card-linked offers to consumers through merchants and banks. Financial terms of the deal were not disclosed.

/Mergers and acquisitions

Bottomline to acquire Albany Software

Bottomline Technologies of the US is to acquire UK Bacs processing firm Albany Software.

/Mergers and acquisitions

Scotiabank agrees C$3.1bn ING Direct Canada acquisition

Dutch bank ING has struck a C$3.1 billion deal to sell its online Canadian unit to Scotiabank, raising cash to pay back money lent by the Dutch government at the height of the financial crisis.

/Mergers and acquisitions

LCH.Clearnet acquires sole ownership of International Derivatives Clearing Group

LCH.Clearnet has reinforced its commitment to the US marketplace by acquiring sole ownership of International Derivatives Clearing Group (IDCG) from Nasdaq OMX and other minority investors.

/Mergers and acquisitions

Nets agrees takeover of Finland's Luottokunta

Nets, the payments company owned by Danish and Norwegian banks, has agreed to acquire Luottokunta, the leading card payment service provider in Finland.

/Mergers and acquisitions

Thomson Reuters extends FXall tender offer; agrees to settle class action suit

Thomson Reuters has filed an application to settle a class action lawsuit over its proposed acquisition of multi-bank foreign exchange portal FXall and extended its $616 million tender offer by three days.