Whatever IT disruptions are ahead, it’s clear that data, analytics and research are going to play key roles and are still top priorities as evidenced by two acquisitions announced on May 13. ION Investment Group has purchased for an undisclosed amount a controlling stake in Acuris, a provider of proprietary financial intelligence, data and analytics…. Read More >>
Fidessa Picks ION Bid Over Temenos & SS&C Overtures
ION Capital U.K. Ltd., which is indirectly and wholly owned by ION Investment Group Ltd., has won a key round in the battle to buy Fidessa as its $2.3 billion (£1.5 billion) bid has gotten the approval of the Fidessa board, besting a bid from Temenos. “The boards of ION and Fidessa are pleased to… Read More >>
ION Investment Group to Acquire Openlink
ION Investment Group is acquiring Openlink Financial, a trading systems and risk management software vendor, to expand ION’s footprint in energy and financial services. ION will purchase Openlink from private equity firm Hellman & Friedman, which owns the vendor. Openlink’s wares, including a cloud platform and analytics, serve the commodities, energy, corporate and financial services… Read More >>
Luxembourg Bank Tackles IRS Reporting Regs
BCEE Implements SmartStream’s Corona Banque et Caisse d’Epargne de l’Etat of Luxembourg (BCEE) has implemented a way to help the bank meet reporting and audit trails regulatory requirements of the Internal Revenue Service (IRS) that have a tight turnaround time. In general, banks only have a few weeks to reconcile annual data before the legal… Read More >>
