20 October 2017
Find out more

Spooz to acquire Tetrahex

25 July 2006  |  2042 views  |  0 Source: Spooz

Spooz, Inc. (OTCBB:SPZI), announced today the completion of a Letter of Intent to acquire Tetrahex, Inc., a leading technology development company that specializes in high-end software solutions for the financial markets.

The acquisition will be accomplished primarily by an exchange of stock and will dramatically strengthen the Spooz's product portfolio. In addition, Spooz will gain strategic management personnel and a germane customer list that Tetrahex has been building since 2002.

In its latest effort, Tetrahex recently completed development of Fractal Finance CUBED, an adaptive forecasting software that can be utilized for trading futures, forex and equities. The fractal metanet architecture of Tetrahex's "CUBED" application is designed to identify correlations in multiple data layers, allowing traders to more effectively identify patterns in market data.

"We are excited about the acquisition of Tetrahex for many reasons. Above all the high level of integrity that the Company's engineers have always exhibited, and the fact that Tetrahex's trading solutions so effectively and will completely complement our product lines," stated Paul Strickland, CEO of Spooz. "It is of utmost importance for Spooz to continuously provide our clients with new and exciting product applications running on the SpoozToolz platform."

"Tetrahex brings to Spooz an original trading analysis and decision support application that will stand alone as an end-of-day product, or provide real-time analysis as an integrated part of the SpoozToolz platform," stated Erik Long, President of Tetrahex. "We plan to accomplish the integration of our Fractal Finance CUBED into version 2 of the SpoozToolz platform for its planned release date in early 2007."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlRegister nowvisit www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15970 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9065 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8209 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7218 views comments | 9 tweets | 17 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
6609 views comments | 18 tweets | 25 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job