The acqusition provides Aleri with an opportunity to sell its database management products into the mpct banking user base. Aleri's core product is designed to process, store and analyse large volumes of complex data in a real-time environment. The company says the software has been used by a variety of banks and telco’s to create a range of rule-based applications catering for management reporting, worldwide P&L attribution, real time trading P&L, real time position servers call log analysis, fraud detection, uptick analysis, and trading floor analytics.

Clive Pedder, CEO of mpct, says: “Mpct users will gain enormous benefit from these new capabilities, enhancing the throughput of their core applications. It will allow them to easily integrate with other applications or databases and consolidate data. We will also be able to add sophisticated functional enhancements to incorporate new business requirements. Most importantly we can provide our users with an overall picture of their trading and business activities with unprecedented detail and speed."

Under the deal, mpct will trade under the Aleri brand name. Pedder will take on the mantel of executive vice president of international operations, reporting to Aleri CEO Alan Hambrook.

The consequences of the agreement for the installed mpct users base and product portfolio have not been spelled out. Mpct's products include the ageing, but well-known Atlas international wholesale banking operations software which is installed at 30 leading banks, including Deutsche Bank, Barclays, ABN-Amro, ING and Bank One.