Temenos, a Swiss financial services software provider, said it completes its acquisition of U.S.-based compliance technology firm TriNovus in addition to its 800 institutional clients.
Sectors
AXA Sets to Close Sale of Private Equity Arm
French insurer AXA is now finalizing the sale of the majority state in its private equity arm to a group of investors in a deal worth about 500 million euros.
Greece Buys Local Cypriot Bank Units
Greece has reached a deal to purchase local units of Cypriot banks in a bid to save Greek banks from the crisis.
Vimpelcom Taps UBS to Manage Wind Mobile Sale
Telecom group Vimpelcom is tapping UBS to supervise the sale of its Canadian unit Wind Mobile, which is being valued between $500 million and $1 billion.
First Quantum Has Shareholder Support to Acquire Inmet
First Quantum Minerals Ltd. says it has enough support from its shareholders to buy rival Inmet Mining Corp. in a C$5.1 billion deal.
Latest News
Dmitry Avdeyev, Rosneft's chief financier, steps down from the position after the Russian oil producer said that it had completed its acquisition of TNK-BP.
Rockwood to sell off units for an expected US$2 billion. Chemicals producer Rockwood Holdings is preparing the sale of two of its subsidiaries. The sale is expected to reach US$2 billion with the increasing recovery of the US construction sector.
Business software maker Model N share values jump by 44%. Share values of Model N increased by 44% at its trading debut with a market valuation reaching US$500 million.
Abertis's airports sale mulling offers. Abertis, the infrastructure firm from Spain, is reviewing non-binding offers for its airports business es until the end of March.
Atkins Pharma delivers new highs for new owners Roark Capital. The recovery of Atkins Nutritionals has been attributed to a US$425 million recapitalization.
Incumbent HP Board wins new term narrowly despite shareholder discontent. In a tense shareholders meeting, Hewlett Packard Co re-elected its board with erstwhile Chairman Ray Lane and three other board members keeping their seats with a narrow vote margin.
Life Tech gains interest from buyout consortiums and pharmaceutical firms. Life Technologies Corp is up for sale and many important players in the industry are taking notice.
Court approves sales of Hostess brands. In a decision, the bankruptcy court judge decided that the Hostess Brand would be allowed to be sold to prospective buyers.
Blackstone eyes Hurd for CEO if and when it takes over Dell. The Blackstone Group LP is making an aggressive offer to hire Mark Hurd from Oracle to be the new CEO of Dell.
