April 2008
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Financial Technologies acquires 90% stake in ICX Platform

Financial Technologies India acquired 90% stake in ICX Platform (Pty), a technology company situated at Johannesburg, South Africa, having IPR & corporate ownership of electronic warehouse receipts technology, at a cost of upto USD 1.50 million, subject to applicable approvals and fulfillment of certain representations and warranties by the sellers of ICX.

 

 Financial Technologies (India) is a flagship company of Financial Technologies Group. Financial Technologies is India`s leading vertical specialist enterprise delivering mission-critical, straight through processing (STP) solutions comprising domain expertise, technology licensing, development and transaction outsourcing services.

 

FTIL has a technology development center in Mumbai providing transaction automation technologies for equities, derivatives, forex and commodity markets. 

Source: My Iris

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