Mergers and Acquistions News
Categories: IT Services & Consulting, Software
August 10th 2009, 14:23PM
Enterprise management firm Dynetech has announced the completion of the sale of all assets of The Wizetrade Group, which provides trading software and training.
Wizetrade was acquired by a company which ultimately merged with MB Trading Holdings and terms of the transaction were not disclosed.
Under Dynetech's ownership, Wizetrade leveraged a single software program into an industry-leading portfolio of products, including a broadcast-quality television studio transmitting live to the internet 12 hours per day.
The merger agreement with MB Trading continues a trend in financial services of integrating education, technology and direct access trading into a set of financial services.
Laurence J Puno, founder and chief executive officer of Dynetech, commented: "We’re extremely gratified at the level of growth, success and recognition we achieved with Wizetrade over the years Dynetech owned and operated the company."
Dynetech was recently ranked 11th in a list of the Orlando Business Journal's Golden 100 of Central Florida's largest privately-held companies.
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