Fast-growing tech firm will become part of Jenny Knott's post-trade division
Icap has agreed to acquire the fast growing reporting and
post-trade technology provider Abide Financial.
The deal follows a £7m investment in the business in
July 2015 and was led by ICAP’s venture capital
arm Euclid Opportunities.
Abide's turnover more than doubled between its 2014 and 2015
financial year to £3.7m for the year to June 2015
according to records at Companies' House. It reported a pre-tax
profit of £485,000.
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