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MAS Acts As Advisor To Decision Software, Inc (New York, US) In The Execution Of Recent Acquisition By GL Trade S.A. (Paris, France)
Spring Lake, NJ, Monday, November 19, 2007- Market Advisory Services, Inc. (MAS), a strategic advisory and research boutique in commodities, energy, and financial information technology today announced the success of its transaction process to introduce, represent, and negotiate the acquisition of its client Decision Software Inc. (DSI) of New York, New York by GL Trade S.A (GL Trade) of Paris, France.
GL TRADE, global provider of front to back office solutions for financial institutions, announced Monday, November 19, 2007, the acquisition of 100% of the shares in US Company, Decision Software, which specializes in Fixed Income, Sales Trading and Order Management Systems. The deal was closed on Friday, November 16th, 2007. This transaction is a continuation of a number of cross border transactions, which GL Trade has executed, in last year, such as FNX Limited in capital markets, which MAS also introduced and represented. This acquisition by GL Trade will complete its US Capital Market Solutions
DSI was founded in 1989 by Dr. Gerald Belpaire and Samuel Aizenberg, in response to a demand for fixed income trading systems that provide real-time facilities for monitoring prices, positions, profitability, and risk addressing broker/dealers and banks involved in fixed income and money market sales, trading, and funding.
MAS represented DSI board and shareholders in all aspects of the transaction process, from identifying prospective buyers to negotiating the LOI and the definitive agreement for the shareholders, who included the two majority shareholders and two minority shareholders.
Mr. Paul Mahady, President of MAS stated, "MAS was instrumental in every phase of the transaction process from prospect contact initiation and opportunity presentation to later stage negotiations. This included management presentations to prospective buyers, LOI, due diligence assistance, and final purchase agreement negotiation. MAS worked both on-site in Paris with both GL Trade executive management and on-site in NYC with DSI executive management to bring the transaction to a mutually successful agreement.”
This is the third cross border deal in financial information technology to be successfully signed in 2007 by MAS. Additionally, MAS has concluded a successful sale of a commodities software company in Scotland to a commodities software company in England.
About Market Advisory Services (MAS)
MAS is an international advisory boutique with experience in over 50+ countries, 60+ transactions, and a 120+ clients. MAS provides a unique, highly personalized service with expert staff on assignments. MAS restricts all staff from investments related to any client or any research area and does not undertake any client funded research for promotional purposes. For more information, visit MAS website at www.masfinance.com
About Decision Software, Inc. (DSI)
DSI provides two solutions primarily to the US and Canadian institutional fixed income market participants; Decision Software Trading System (“DSTS”), a real-time fixed income trading system with extensive front and middle office capabilities, and BondOne, a browser-based sales and order management system. For more information visit DSI at www.dsoftware.com
About GL TRADE
GL TRADE provides international financial institutions, with software solutions to cover the entire order flow from the front to the back office for the buy and sell side: Trading & Order Management, Treasury and Risk Management, Settlement, Network and Market Data. Headquartered in Paris, GL TRADE has presence in 20 countries worldwide and employs more than 1000 people. GL TRADE is listed on Euronext Paris (ISIN FR 000007208) and is part of SBF 250. GL TRADE also joined Next economy segment. www.gltrade.com
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