19 January 2018
visit www.ebaday.com

Simplex Solutions and SMA Software call off merger

12 January 2006  |  5012 views  |  0 STP2.gif

Financial IT consultancy Simplex Solutions and London-based Swift services provider SMA Software have abandoned merger talks after failing to agree on a structure for the combined entity.

Simplex Solutions Inc - which is the holding company for London-based Simplex Consulting Ltd - originally signed a letter of intent to acquire SMA Software & Consulting in October 2005, and the transaction was expected to close before the end of November 2005.

But in a statement SMA says the parties have discontinued acquisition talks "following the inability to agree a mutually satisfactory structure for the joint venture".

Simon Murby, managing director of SMA, says: "Our discussions with Simplex Inc have not proved fruitful, and for now we plan to continue on our previous organic growth path."

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 stories

Simplex wins Baring Asset Management Swift support contract

Simplex wins Baring Asset Management Swift support contract

28 February 2005  |  3121 views  |  0 comments
Canada's ONE Signature acquires Simplex

Canada's ONE Signature acquires Simplex

12 December 2003  |  2975 views  |  0 comments
Simplex and Steria UK to launch Swift Service Bureau

Simplex and Steria UK to launch Swift Service Bureau

22 October 2003  |  5531 views  |  0 comments
Simplex secures Swift Service Partner accreditation

Simplex secures Swift Service Partner accreditation

23 September 2003  |  3114 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.ebaday.comvisit www.vasco.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11213 views comments | 32 tweets | 38 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10329 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9935 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9397 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8481 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job