17 October 2017

Dyne in LogicScope buy out

06 November 2003  |  3788 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)
visit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14483 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13087 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8976 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7940 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7623 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job