French financial software house GL Trade has acquired Finsoft, an order processing firm for Hong Kong banks and brokers, in a $4 million dollar deal.
Finsoft's products will be integrated into GL Trade's global offer. The agreement includes a profit-sharing scheme for the Finsoft founders-administrators, who will continue to work with the company.
Pierre Gatignol, CEO, GL Trade, says: "This agreement strengthens our position in Asia and especially in Hong Kong where the office will employ 30 people. The buy-out of Finsoft will allow us to be strongly positioned in a very promising market."