Mergers and Acquistions News
Categories: Software
October 22nd 2009, 17:16PM
Star Invest Group has announced the completion of its acquisition of EXX.COM, a private company that provides connectivity and software solutions to small and medium-sized financial and stock brokerage firms.
Following the agreement made in March this year, Star Invest has issued 82 million shares in exchange for the purchase of all of the outstanding membership interest of EXX.
"We are more excited than ever about this merger and the synergies it will unleash," commented James Dovico, chief executive officer of EXX.
"I am confident that together we will be able to lower our operating costs while increasing our revenues and our customer base."
Meanwhile, Star Invest's chief executive officer Robert H Cole said that the "strategic acquisition" will help the firm to achieve a cost-effective operating platform.
Since its formation in 2004, Star Invest Group has invested more than $3 million (£1.8 million) in start-up and small companies based in the US.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- May 2012 (0)
- April 2012 (0)
- March 2012 (0)
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)