Latest Mergers and acquisitions News: Finextra Research

Data management consolidation trend continues as AIM Software acquires ABI Informatic

Swiss reference data outfit AIM Software has acquired neighbouring rival ABI Informatic, continuing the trend for consolidation in the financial data management industry.

04 July 2012

News/Mergers and acquisitions

Fino buys Nokia's Indian mobile money business

Fino, a Mumbai-based financial services provider, has acquired the Indian mobile money service Finnish handset maker Nokia shut down earlier this year.

28 June 2012

News/Mergers and acquisitions

Hong Kong Exchange wins LME bid battle

Hong Kong Exchanges & Clearing (HKEx) has won the race to acquire the London Metal Exchange (LME), beating out rival shortlisted contender IntercontinentalExchange (ICE) with a £1.39 billion offer.

15 June 2012

News/Mergers and acquisitions

Plus IT team agree buy-out of trading technology arm; shareholder row intensifies

Plus Markets is to sell its technology platform to Forum Trading, a new company whose founder shareholders consist of Hirander Misra, the former co-founder and COO of Chi-X Europe, Tony Harrop, the chief technology officer of Plus Markets Group, Richard Atkins, formerly head of trading system management & development at the London Stock Exchange and all eight employees of the Plus-TS technology team.

15 June 2012

News/Mergers and acquisitions

Icap lifts Plus purchase price to £500,000 in an effort to win over shareholders

Icap has moved to appease dissident shareholders looking to derail its acquisition of Plus Stock Exchange by raising the purchase price to £500,000 from £1.

14 June 2012

News/Mergers and acquisitions

Turmoil at Plus Markets continues as dissident shareholders look to oust executives

Dissident shareholders of Plus Markets Group have tabled a resolution to oust the chairman and chief executive over their proposals to sell the small cap exchange business to Icap for £1.

07 June 2012

News/Mergers and acquisitions

Capgemini wins big bank deals in Australia and Brazil

Australia's ANZ has inked a software testing outsourcing contract with Capgemini that will see 360 of the bank's IT staff move to the French vendor.

06 June 2012

News/Mergers and acquisitions

Plus Markets dismisses rival bid to Icap's £1 takeover of Plus SX

Plus Markets has turned down a rival bid for small cap exchange Plus SX from Gulf Merchant Bank in favour of an agreed £1 cash offer from interdealer broker Icap.

01 June 2012

News/Mergers and acquisitions

CGI agrees £1.7bn Logica acquisition

Anglo-Dutch IT services giant Logica has agreed to be acquired by Canada's CGI Group in a £1.7 billion cash deal.

31 May 2012

News/Mergers and acquisitions

Bloomberg buys PolarLake; launches EDM services

Bloomberg has acquired Dublin-based software provider PolarLake and revealed plans to launch its own enterprise data management (EDM) service. Financial terms of the deal were not disclosed.

22 May 2012

News/Mergers and acquisitions

ICE and HKEx go head-to-head in battle for LME

IntercontinentalExchange (ICE) and Hong Kong Exchange and Clearing (HKEx) are set to go head-to-head in the race to acquire the London Metal Exchange (LME) after the Chicago Mercantile Exchange followed Nyse Euronext in being eliminated from the bidding for the 140-year old metals market.

22 May 2012

News/Mergers and acquisitions

Nomura sells Swedish tech unit to Cinnober

Nomura has sold its Swedish technology outpost to local trading IT supplier Cinnober.

21 May 2012

News/Mergers and acquisitions

Icap agrees to buy Plus Exchange for £1 cash

Intedealer broker Icap has agreed to acquire loss-making Plus Stock Exchange, the smaller company equity exchange, for £1 in cash.

18 May 2012

News/Mergers and acquisitions

Calypso and Cinnober shortlisted for LME Clear

Calypso and Cinnober will go head-to-head in a battle to win the contract to build a new clearing house for the London Metal Exchange.

17 May 2012

News/Mergers and acquisitions

Icap in talks to buy Plus Markets' exchange business

Icap is in talks with Plus Markets Group to acquire the distressed small cap market's equities exchange business "for a nominal sum".

17 May 2012

News/Mergers and acquisitions

Markit to buy Cadis

Financial information vendor Markit has agreed to buy enterprise data management (EDM) specialist Cadis. Financial terms of the deal were not disclosed.

09 May 2012

News/Mergers and acquisitions

Nasdaq OMX to buy GRC specialist BWise

Nasdaq OMX Group has agreed to acquire BWise, an enterprise governance, risk management and compliance (GRC) software vendor. Financial terms of the deal were not disclosed.

03 May 2012

News/Mergers and acquisitions

LCH.Clearnet in discussions to acquire IDCG from Nasdaq OMX

European clearing house LCH.Clearnet has confirmed that it is in discussions to acquire International Derivatives Clearing Group (IDCG) from Nasdaq OMX as it bids to grow its interest rate swaps business in the US.

24 April 2012