Nyfix Acquires Javelin for Buy-Side Footprint

PORTFOLIO MANAGEMENT

NEW YORK--Nyfix, a technology and execution services provider, has signed an agreement to acquire Javelin Technologies, a FIX connectivity software vendor, for $11 million in cash and $44 million in Nyfix stock. The deal was expected to close on March 31.

Nyfix increases its buy-side presence with the acquisition while Javelin will use Nyfix’s network to provide ASP-based services.

Javelin will become a wholly owned subsidiary of Nyfix but will retain its name and its 70 employees, says John C

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