24 February 2018
Visit www.avoka.com

Dyne in LogicScope buy out

06 November 2003  |  3837 views  |  0 Dyne in LogicScope buy out

LogicScope, a UK-based supplier of financial transaction and messaging products, has been bought out by Dynamic IT Management Services, a special-purpose vehicle backed by HSBC Structured Finance, LogicScope managing director Nick Dyne, and incoming sales director Pat Dolan.

The buy-in management buy-out - or 'Bimbo' - wrests control of the company away from its majority investors, which included venture capital fund 3i and Swedish investment company Astroiden Data.

At the same time, the senior management team of Dyne, Dolan and technical director Brian Cappell, has been strengthened by the addition of new non-executive directors John Jessop, former chief executive of Telerate and Gerald Ashley, former central banker and now managing director of risk management company St. Mawgan. Alan Law, who was already a non-executive director of the company, becomes chairman.

Dyne says the new blood will add business nous to the technical market data, STP and financial messaging skills already harnessed by the firm.

LogicScope's clients include leading real-time information vendors, FX trading systems and major financial institutions worldwide. It supports over 200 sites in 23 countries.

Financial details of the transaction have not been disclosed.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related blogs

Create a blog about this story (membership required)
Register for the webinarvisit www.nextgenbanking.co.ukVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12132 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10463 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8858 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8312 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7933 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job