August 11, 2007
London's PNMSoft Raises $3.3M For BPO Software
London-based business process management software developer PNMsoft has raised $3.3M from Goldrock. The company claims 200 client wins.
Read - Globes story
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April 16, 2007
royalblue acquires LatentZero
UK-based royalblue Group has acquired LatentZero, a developer of front office solutions for asset managers for up to £63M. LatentZero will continue to operate as a separate entity within the royalblue group and the existing management team, including Richard Jones (co-founder and CEO) and Dan Watkins (co-founder and director), will remain in place as part of the transaction. The 8 year old company employs 170.
View LatentZero
Posted at 04:46 PM | TrackBack | Permalink
March 28, 2007
Austria's Carlyle-backed UC4 Buys Appworx
Austria's UC4 Software is buying Bellevue, WA's AppWorx. The company makes the claim to be the first truly global and independent provider of IT process automation and optimization solutions. Financial details of the transaction were not disclosed.
UC4 sells enterprise job scheduling and data center automation while AppWorx sells event-driven business application automation and batch integration technology.
The Carlyle Group, which owns 80% of UC4 Software, has supported the merger with a follow-on investment in UC4.
UC4 recently released financial data indicating that in the first three quarters of 2006 ithad total revenue of USD 29.5M (EUR 22.9M) – this corresponds to an increase of 23% over the same period of the previous year.
Read - Application Automation and Job Scheduling Vendors Join Forces to Apply New Focus on End-to-End Process Management Challenges (Press release)
Posted at 06:42 PM | TrackBack | Permalink
July 24, 2006
London's FXall Capitalizes on Booming Online Foreign Exchange
Technology Crossover Ventures is buying a minority stake in bank-owned, London-based foreign exchange trading portal FXall for $77.5M. The size of the stake that TCV is acquiring was not disclosed, but one trade pub circulates the rumor that FXall has agreed to sell a 20% share in the company.
Also, TCV is rumored to have won out over rival General Atlantic, which last year bought a 25% stake in forex specialist firm SaxoBank for $126.5M.
FXall is rated as the number one online foreign exchange for the fourth year running. Its market share has grown to more than 50% – double that of nearest competitor.
FXall launched in 2001. In Q2 this year, total trading on the platform surpassed $2.4 trillion, up 50% from Q2 2005.
